The market rout during May and June created a new generation of forced bitcoin sellers, as known institutions dumped close to 240,000 BTC. Due to their “hodl at any cost strategy”, public bitcoin miners had spent the previous year building up among the largest bitcoin treasuries. As with most die-hard hodlers with such enormous treasuries, the public bitcoin miners didn’t manage to escape the bear’s claws and were forced to dump thousands of bitcoin in May and June to fire sale prices. Meanwhile, Celsius has gotten court blessing to sell its mined Bitcoin to cover restructuring costs.
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~Bitcoin Sell Pressure Analysis | Massive $BTC Selling Coming?~
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17 Comments
First, i think
Blockchain backer calling bottom all the noobs calling for 90% retrace according to cycle theory but if we was following cycle theory bitcoin was supposed to hit 100k remember it didn't do that……. 💎 🧠
1up
need some clarity when you say diversify do you mean btc and alts or investing in general stocks etc ?
Click bait with black rock showing their hand it only serves to make us wanna hold even tighter
investing in btc and alts in my opinion is not being diversified because btc is the one that says move if btc dies and you have alts they will not survive no?
I disagree Paul. You don't do "true deep dives" you vaguely touch on multiple news articles. You use way too many "filler" words. You also have a tough time NOT BEATING AROUND THE BUSH. Listen to guy and his deep dives on informative information. He does a great job reciprocating information.
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Altbase to the moon
Thank you. I really enjoy your show!
Invest in altbase now.. super bullish
😀In USA. What is the easiest way to buy XRP? is it KuCoin? Thank you. Love your show and try and watch all your episodes daily.
Great stuff ! What you think about apple 🍎 car 🚗
New to crypto.Awsome information
How can I make a profitable investment in crypto without incurring much loss??