NgU Engineer on Nostr: what happened is the FTX/3AC/GBTC circle jerk of cumlordz suppressed bitcoin price ...
what happened is the FTX/3AC/GBTC circle jerk of cumlordz suppressed bitcoin price discovery for all of 2020-2023, meanwhile plebs continued to empty exchanges to the lowest levels in forever
then a few ETFs came with new organic bids and exposed how little BTC there was left
Published at
2023-12-05 23:01:30Event JSON
{
"id": "e973b6c8ab0f35996653400ecadf5f7e33bb31974f53466ba390bc6f0561debe",
"pubkey": "96a0b3e0738e7ff0838abc900fc48f61effef780d175a6bb2c0240246556bb3e",
"created_at": 1701817290,
"kind": 1,
"tags": [],
"content": "what happened is the FTX/3AC/GBTC circle jerk of cumlordz suppressed bitcoin price discovery for all of 2020-2023, meanwhile plebs continued to empty exchanges to the lowest levels in forever\n\nthen a few ETFs came with new organic bids and exposed how little BTC there was left",
"sig": "f72d5ddd791ac7688fb64f9d7cefe64094033545acd0bfce733cbfc0f17f664cabc9422676cd735a1ffd34454b4e65cf1b1c5664cf00bb0f460b6e85cddd2baf"
}
