Cryptocurrency: Capturing The Carnage, BTFD!

grarpamp grarpamp at gmail.com
Fri Dec 2 17:36:13 PST 2022


https://cryptoslate.com/research-2nd-december-the-15m-bitcoin-just-went-into-self-custody/

Glassnode illiquidity is ~78% of mined BTC ~19M, no spending history
ie diamond hands, lost keys, Satoshi, Satlor etc. Rate of change of
supply moving to long-term holders is highest in 5 years ie
accumulation big time.

900 BTC/day x $17k = $15.3M
When net global demand goes back above $16M/d, or
production drops to 450 BTC/day, price will go up.

Market transitioning to upramps dominating last weeks...
Marginal buyers coming back online...

BTFD.


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