Between “institutional” buying and self custody (CoinGlass is not accurate)
We also have data that says the exact opposite
OG’s selling 100% of their stacks… which I find a little strange, if you have 1000 #bitcoin you don’t need to sell all 1000 surely…. But that’s been the case (probably own multiple wallets)
And then there is…. Ready for it “China is selling their 194000 Bitcoin”
When Bitcoin price isn’t favourable we can’t keep blaming China all the time, makes Bitcoin look dumb when you do that, even if they have sold…. Grayscale sold 400k last year and we mooned, so no sense
Some say liquidity = there is 2 Trillion in #bitcoin now lol
Some say on chain activity is low = Well yeah institutions are exchange holders and so are ETFs, so of course it’s low, it’s all on exchanges now
Some say Japan….. LOL! No! The entire world knows Japan is raising rates, exactly how much
FUD is common
Stupidity is common
Common sense isn’t so common
Simple strategy is 21m get them all, Michael Saylor worked out that simple metric and he is taking on every holder by himself
We gotta do our part
Just ignore the charts and BUY!
That’s all we can do and the end result is 🚀
BECAUSE WE WERE RIGHT! Everyone wants and needs Bitcoin…. They’re lining up outside the door reading the brochure
