Thoughts on this?pic.twitter.com/1GN3ejHazH
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OTC flows are decreasing as well, go to blockchair and see how many whale-sized OTC trades are getting settled this month vs. winter
volume today is dwarfing the volume during the 2014 correction.
Yes this maybe true. But it’s hard to compare when there is a 10X more ppl in the system. There are 800X more on ramps. Charts are telling you the system has grown. But traders can’t see the system has grown because they don’t really understand price.
an alternative view is that the run up from $1,000 to $20,000 was waaaay too fast relative to true pace, and now we need to consolidate.
That’s because there are not many sellers. This takes time for hodlers to soak up the supply. It’s not our fault ppl are just letting us accumulate more satoshi’s. Many still have auto buys
if OTC would be aggressive today it would raise the price it isn't yet. everyone has a price. as I said, go to blockchair and check "whale size" txs
Can’t be aggressive. Buyers are bleeding miners. They are the only sellers really. This is what smart money accumulation looks like. They know hodlers are buyers at lower prices.
Im not sure capitulation has happened yet, I think smart money will come in 3-5K.
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