$1.5 billion of #Bitcoin was sold and the market only went down by 5%.
Demand is impeccable.
And by the way 1 BTC = 1 BTC
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I’m curious to see how price is impacted by ETF shorting and other shenanigans whenever those go through. Hopefully it can’t be as manipulated as other markets like commodities since there are so many hodlers to buffer that bs
Hmmm. Sadly, no. Hodling removes BTC from circulation, making short squeezes more practical.
For stability and to minimise manipulation, we need actual economic activity in BTC, ideally in perishable goods with fairly inelastic demand.