Many short-term holders have sold, fearing a bear market and the four-year cycle
The market will make them regret it
Discussion
All I see is $103k Bitcoin .... volatility ? This is NOTHING. If you've been around a while ... this is steady state.
Its a small dip, the reason there is so much fear is that 4 year cycle theory say it is time for bear market
Stock to Flow model dead, 4 year cycle theory .. dead, Ooogling about hash rate .. irrelevant.
Seems like the oldens are selling their coins and the next generation has a buy wall at $100,000, this is the natural course of things. People with a costs basis of $5.00 MUST sell. They're getting old, medical bills piling up.
Bitcoins are infinite .... humans are not.
Around age 65 I'll also sell. #itistheway