I know there is a lot of leveraged trading on Bitcoin in both directions and that adds to the volatility in both directions. But over a long enough timeframe the accumulators of the physical bitcoin generally move the market up as true scarcity comes into play.
This 6-months range bound falling price action is weird. My instinct is that stackers and hodlers should have broken through this by now.
8r0ck3feller / 8R0ck3feller
npub1h4…a2jcm
2024-08-29 13:47:49
in reply to nevent1q…lfe3
Author Public Key
npub1h4lrzqnrne72xj00yl3zzr0k6qn93cqe5g4vvkfechs6mn89mwyqfa2jcmPublished at
2024-08-29 13:47:49Event JSON
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"content": "I know there is a lot of leveraged trading on Bitcoin in both directions and that adds to the volatility in both directions. But over a long enough timeframe the accumulators of the physical bitcoin generally move the market up as true scarcity comes into play.\n\nThis 6-months range bound falling price action is weird. My instinct is that stackers and hodlers should have broken through this by now.",
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