Why would I say such a thing..?!
Because early long term holders and whales are aggressively selling down their holdings.
Like Rats fleeing a sinking ship.
Creating unprecedented supply pressure.
While on-chain activity has stagnated since 2017 and BTC is underperforming less volatile risk assets like Tech stocks.
So in summation.
Active wallets on the network is steadily declining.
As there is no real usage as peer-to-peer cash.
LTH holder's are no longer buying the dips (they may step in at far lower prices ... i.e. sub $50k)
Fading demand. Search metrics have fallen off a cliff.
Poor Risk-Adjusted performance.
Higher Volatility and negligible outperformance (if any)
EASY GAINS are no longer available.
Market Timing is essential for outperformance.
#HODL narrative is dead.
Because early long term holders and whales are aggressively selling down their holdings.
Like Rats fleeing a sinking ship.
Creating unprecedented supply pressure.
While on-chain activity has stagnated since 2017 and BTC is underperforming less volatile risk assets like Tech stocks.
So in summation.
Active wallets on the network is steadily declining.
As there is no real usage as peer-to-peer cash.
LTH holder's are no longer buying the dips (they may step in at far lower prices ... i.e. sub $50k)
Fading demand. Search metrics have fallen off a cliff.
Poor Risk-Adjusted performance.
Higher Volatility and negligible outperformance (if any)
EASY GAINS are no longer available.
Market Timing is essential for outperformance.
#HODL narrative is dead.
交易進行
#BTC#Bitcoin
hammering that neckline...
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