@David_M_OConnor Analysis doesn’t look right. F2P only has ~10k BTC ($340m) in inventory and it’s steady (he quoted $1b of sell off). Total miner outflows have been minimal and remain insignificant in terms of market buy/sell pressure. PS. historically, miners sell local bottoms more than tops.

@David_M_OConnor Analysis doesn’t look right. F2P only has ~10k BTC ($340m) in inventory and it’s steady (he quoted $1b of sell off). Total miner outflows have been minimal and remain insignificant in terms of market buy/sell pressure.

PS. historically, miners sell local bottoms more than tops.

Source

Tagged :

@1ALbryan @glassnode It’s already happened before. If you’ve traded BTC 2018-2020, in the BitMEX era, you’ll know we were in ridiculous phase of short term price manipulation by whale traders on futures. We are returning to an era of organic price discovery due to large buying of the underlying.

@1ALbryan @glassnode It’s already happened before. If you’ve traded BTC 2018-2020, in the BitMEX era, you’ll know we were in ridiculous phase of short term price manipulation by whale traders on futures. We are returning to an era of organic price discovery due to large buying of the underlying.

Source

Tagged :
Bitcoin (BTC) $ 27,214.29 0.84%
Ethereum (ETH) $ 1,690.10 0.53%
Litecoin (LTC) $ 67.25 2.15%
Bitcoin Cash (BCH) $ 237.18 0.39%