Square enables the sell off.

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Interesting. I had not caught up with this news. Theoretically, if a large portion of merchants accept BTC-to-BTC or fiat-to-BTC payments it should positive for the price but if they choose BTC-to-fiat then yes, it would create more sell pressure. I’m not sure how much impact on the price this integration may have had already.

It does not matter. The market is just pricing in the sell-off before it happens.