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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volume today is dwarfing the volume during the 2014 correction.
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Murad Mahmudov 🚀 Retweeted The Crypto Fam
Murad Mahmudov 🚀 added,
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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.
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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.
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