ynniv (npub12ak…6fdh)
Markets are complicated but they're not that complicated. In the end it's supply and demand. And we know that a very large amount of #Bitcoin has recently been absorbed by ETFs.
Yes, there has been a lot of extraordinary selling on the supply side (including the German police, FTX, Mt. Gox etc.) but this has been the case every cycle.
I think that until all major custodians' holdings Bitcoin are audited, we as Bitcoiners should assume that another FTX (or even larger) is hiding in plain sight, thereby suppressing the price.
arcticorangutan / Arctic Orang-Utan
npub1le…3y3sy
2024-08-28 16:08:20
in reply to nevent1q…jncv
Author Public Key
npub1lem4kp0fmrqada46zdns53w42pxj79xlgwq4m3fyy0j09mrza6hqh3y3syPublished at
2024-08-28 16:08:20Event JSON
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