Assuming the data is accurate, and to me it does pass the sniff test... this is by far the most bullish thing I've heard all year. Above and beyond SBR and all that.
Imagine taking 11k BTC off exchange orderbooks on a weekly basis. Finger in the air but I've gotta imagine easily $1m ATH by year end if nothing changed.
🤔
Yeah I was also curious why price pressure wasn't effecting the market yet. I assumed it was from hypothecating, but it also makes sense if demand pressure is on a lag while supply decreases.
Yup, it seems to me like the pressure is currently drawing from OTC supply. Once that dries up though, strap in.
Dude! That's the most bullish video I've seen all year 🤯
Crazy right?! I mean take everything with a massive grain of salt because theres a ton of extenuating factors... but even taking this info and applying super conservative numbers... it's still scary bullish.
Once we break 110k, we will have a brief pause at 150k.
After that it’s straight to 250k where we will argue about the power law model for 3 months.
We will dip back to 150k and the bears will be call for diminishing return cycle.
Then we Valhalla to 500k-1m
Just enjoy the ride.
