I think we hit a profitability threshold for a lot of miners who were sitting on their coin waiting to sell. The supply at this level will be exhausted eventually.
Discussion
And soon methinks 👀
I think soon as well. We've been wrestling with this giant trendline for 3 weeks, and buying pressure has prevented a significant pullback.
Yeah there’s just too much going on with all this talk of de-dollarization in that time period too. I smell major manipulation (typical) but something feels like it’s going to break soon…