This market is anything but natural. It's basically just pure manipulation by a few key players. If only you knew how bad things really are, you wouldn't touch this market with a 10 foot pole! The holders are of course enjoying the pumps as the Tether ponzi scheme is printing dollars out of nothing and pumping up the price. Honestly i can't tell if mr. Larry Fink is the one who is a part of this manipulation or is he just a naive believer. I think more likely it's the latter. After all, he is the one pushing the woke agenda as well. He fell for the con scheme and the manipulators are using the attention that he brings, pumping up the price and creating a distorted perception of legitimacy for the industry. Don't be fooled. It's all a non-sensical pump and dump. The chinese are the ones who hold the majority of the Bitcoin supply. Bitcoin was practically born in China. They mined the majority of the supply early on when bitcoin was worth pennies. Now they are about to dump their stock on the stupid American and western investors. Bitcoin dumping will be like an early indicator as insiders run for the hills. Unfortunately now it still seems like the market might bounce back. I pray that there be no new all time highs and that this mental plague soon comes to an end.
I personally feel that you would be in at 50K. Are you saying that 5K is your number or are you saying that you are confident of zero,yet refuse to make money on the way down? Bitcoin has heard all the FUD and scare mongering before. A random person on ET and Reddit talking shit and thinking they will move the market to a level where they are comfortable to buy has been tried before,relentlessly,and failed. Everyone buys Bitcoin at the price they deserve.
To be honest though, if adoption is already getting dispersed, why is the price not moving higher? I understand that maybe when we break above 74k, there might not be as many sellers, so getting to 100k might be easy, but I still think that if there are already so many firms with bitcoin exposure, we should have seen the price be much higher already. Where are all these bitcoins coming from? I constantly see weekly updates about how miners only produced 3,150 bitcoins per week, and the buying was 7x or 8x of this value, so clearly someone is selling, but I'm honestly surprised there hasn't been more of a supply shock yet. Any thoughts on this video John? This isn't a channel I watch, so I have no idea about their reputation, but if paper bitcoin with regards to ETFs is actually possible, we have a very big problem.
Soon™ I've seen the Twitter thread on it that Blackrock and Coinbase are naked shorting, especially with the 2-28 days settlement as permitted by the best investor protectors money can buy , and also the big hedge funds are shorting against their bitcoin holdings through the futures market to collect the yields... But it's all good. I wouldn't worry about it, it's still very early in the cycle, the halvening was only a month ago, we got over 1.5 years left if this cycle follows previous cycles Bitcoin is $69k, a year ago, Pekelo said bitcoin will never go above $50k again and it seemed he was correct when bitcoin would crash every time it went over $20k, remember that period? Sixty-nine thousand buck$, is the previous cycle's ath, bitcoin price anything above $50k is great The exchanges holdings of their bitcoin supplies keep hitting new lows Over 77% of bitcoins have not moved in over 6 months Who's selling? Maybe the paper bitcoin sellers, doesn't really matter, money printer goes brrr, when bitcoin price starts going up, it will be time to celebrate For now, we touch grass and enjoy this quiet peaceful time
CLOSE YOUR EYES OR YOU MIGHT BE ABLE TO SEE THE TRUTH!!!! Everyone is buying but price is not moving. The halvening, the hedge funds, the trump... This is a massive distribution area. Bitcoin is a meme stock and it's price depends on the attention it manages to attract. What has to happen for it to get more attention than it currently has? It's already close to the maximum attention. Let's keep it real. This thing is reaching it's lifetime peak. Unfortunately the price is still pushing up and the macro conditions are still favorable. I am praying with all my might that the ATH does not happen. I might even sacrifice myself there with some shorts just because i care about the people so much and want to protect. We are battling dangerous and evil forces that can print money out of nothing and move the price upwards, suckering in the innocent retail, only to slaughter them later on. The price is still pushing up and funding had increased, but it's not that high. It's slightly nerfed because of all the arbitrage, ethena,etc... so it might've been a lot higher otherwise. Pray that the evil does not prevail and the price rejects.