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@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.

by Willy WooFebruary 1, 2021

@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.

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Tagged : Bitcoin

@PavSrda Lol!

by Willy WooJanuary 31, 2021

@PavSrda Lol!

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I learned this week that trading is a form of self defence.

by Willy WooJanuary 31, 2021

I learned this week that trading is a form of self defence.

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@novogratz It’s more like they want a fair shot. Talking to the original tweet, they don’t hate boomers, they hate the misconduct. It’s a woke generation coming. 4th Turning.

by Willy WooJanuary 31, 2021

@novogratz It’s more like they want a fair shot. Talking to the original tweet, they don’t hate boomers, they hate the misconduct.

It’s a woke generation coming. 4th Turning.

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@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.

by Willy WooJanuary 31, 2021

@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.

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Tagged : Bitcoin

@brianmaconri If that’s all you need, probably. If you need more then the subscription helps. Personally Glassnode is my most used tool to let me sleep well at night even with large leverage positions loaded.

by Willy WooJanuary 31, 2021

@brianmaconri If that’s all you need, probably. If you need more then the subscription helps. Personally Glassnode is my most used tool to let me sleep well at night even with large leverage positions loaded.

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With the current flows of capital coming in, the consolidation floor is expected to be $29k on daily closes (short of a black swan event), upper bound would be $56k (but rising quickly each day). Charts via @glassnode

by Willy WooJanuary 30, 2021

With the current flows of capital coming in, the consolidation floor is expected to be $29k on daily closes (short of a black swan event), upper bound would be $56k (but rising quickly each day).

Charts via @glassnode

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