Bitcoin exchange supply seems to be reaching multi-year lows. Looks to be accelerating too.
>>61656227It is a retarded metric to look at. For all you know people are putting it to exchanges to sell. Or for leveraged buys. Just stupid.
>>61656242>putting it to exchanges to sellIt's going down not up. I don't think it's a retarded metric at all.
>>61656249My point is general, I thought you could extrapolate that it would apply in the other direction as well. I guess I assumed too much of you, and you prefer people spelling things out for you entirely.
They notice that interest is decreasing so they are desperate to dump what they have left on morons who want to buy
>>61656269You can barely spin up an english sentence. If it were inversing then yes you would assume people are selling to the exchange. But its not doing that, is it? It's going down. Meaning people are probably buying. Do I need to spell it out for you?
why dont you show the plotline from 0 to 3 million rather than this disingenuous and retarded graph
>>61656343Because this chart is representing a 3 year timeframe instead and we are observing the now? What difference does it make what data is being obscured here? You trying to trade the past?
I think we will have a massive dump soon with a ton of pink wojaks, followed by some slowness and then hype again. This is my retard take having been in the market and observed the cycles since 2017.
>>61656365>What difference does it make what data is being obscuredkek
>>61656242Hmm?
>>61656274lol what the fuck are you even talking about, you make no sense whatsoever.I'll leave your shitty thread. you have no insights, I can tell you probably barely function as a human being.
>>61656506Ok great
>>61656242>>61656227Okay but>cycle theory proven invalid>low supply>high number of shorts around the 108k-130k range>exchanges and whales not letting it go below 80k>trump pushing his retarded number go up bill>Bitgo the bitcoin holding company is IPOing with 100 billion in bitcoin holdingsThere are a bunch of catalysts here the only question is will bitcoin run like in 2022, dump down to 80k again and crap there for 10 months before bottoming and going up for realsies or will it pump in the near term ,hit 140k for that ath, dump back to 80k and sit there until next year when it'll start going up again?
I don't understand is that imply theres gonna be a ftx style runout or something?
>>61656554Binance dont have "your" coins, but that is not stopping them to sell "more".
