It’s a shame seeing short term, weak hands selling and long term, strong hands accumulating #Bitcoin, but some lessons are learned painfully. The lesson here is, “Play Fiat games, get Fiat prizes.”

On the other hand, this is always a bullish scenario, because the short term holders have less #BTC to sell than the long term holders would like to buy.

There’s 1.83 million #Bitcoin on exchanges according to Coinglass I’m expecting this number to continue dwindling.

Cold storage or bust.