LukeMikic21 on Nostr: 🚨 **BITCOIN ABSORBS MASSIVE SUPPLY—STILL UP 150% 🚨 In 2024, the market faced ...
🚨 **BITCOIN ABSORBS MASSIVE SUPPLY—STILL UP 150% 🚨
In 2024, the market faced an influx of BTC:
📉GBTC unwind: ETF conversion introduced liquidity but added selling pressure.
📉Mt. Gox: 65,000–140,000 BTC distributed to creditors.
📉German government: 50,000 BTC sold from seized funds.
Despite this, Bitcoin surged 150%, proving robust demand. With supply pressures easing and demand expected to grow, price momentum seems inevitable. 🟠⬆️
Published at
2024-11-20 15:47:02Event JSON
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"content": "🚨 **BITCOIN ABSORBS MASSIVE SUPPLY—STILL UP 150% 🚨\n\nIn 2024, the market faced an influx of BTC:\n\n📉GBTC unwind: ETF conversion introduced liquidity but added selling pressure.\n\n📉Mt. Gox: 65,000–140,000 BTC distributed to creditors.\n\n📉German government: 50,000 BTC sold from seized funds.\n\nDespite this, Bitcoin surged 150%, proving robust demand. With supply pressures easing and demand expected to grow, price momentum seems inevitable. 🟠⬆️\n\nhttps://m.primal.net/McRt.jpg",
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