ive been here since 2013 my friend remember also that everyone was a BTC maximalist back then now there are so many shitcoins
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Replying to @MustStopMurad @AllanRaicher
just look at the volume. BTC dgafpic.twitter.com/c4tzP2WxmI
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Replying to @DeaterBob @AllanRaicher
that strengthens my point, bottom is not in until you have a volume spike... there hasn't been "capitulation" yet. volume is descending still
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Replying to @MustStopMurad @AllanRaicher
lol dude I meant look at the volume now compared to the last bubble. "more inflows are needed to support higher price growth" well there you go.
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Replying to @DeaterBob @AllanRaicher
but inflows are decreasing based on the volume descending!!!
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Inflows are not decreasing. Most of the volume for btc is OTC. And the only way to see that is looking on chain not at exchanges.
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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
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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
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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
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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.
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Im not sure capitulation has happened yet, I think smart money will come in 3-5K.
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