Weekly Volume on spot Bitcoin, across all major exchanges, is a fraction of what it was a year and a half ago, even months before Blackrock launched its ETF. Down by 60%+.
It’s beyond ridiculous at this point to believe this is all mythical “OGs” dumping off-exchange, in individual non-traceable & non-taxable transactions.
Since Wall St adopted Bitcoin pre-2024, purported purchases have been stellar…even as real spot-buying has continually evaporated. Yet price has refused to retrace, preying upward, and for weeks now seemingly intransigent above near-ath’s above $100kUSD.
Paper Bitcoin is undeniable. Only a handful of Bitcoin fools still argue against it -mostly fiat-inexperienced influencers.
Volume has clearly and undeniably disconnected from Price.
Thus it won’t be long before the sharks arrive to frenzy-feed. Sharks seeks blood in the water. It’s their raison d’être. And fundamental disconnects are blood in the water.
Wall St thought their boat was big enough. They underestimated what they were hunting.
And Trump’s “SBR” was just the Mayor of Amity Island.
