nostr:npub12akj8hpakgzk6gygf9rzlm343nulpue3pgkx8jmvyeayh86cfrus4x6fdh

Markets are complicated but they're not that complicated. In the end it's supply and demand. And we know that a very large amount of #Bitcoin has recently been absorbed by ETFs.

Yes, there has been a lot of extraordinary selling on the supply side (including the German police, FTX, Mt. Gox etc.) but this has been the case every cycle.

I think that until all major custodians' holdings Bitcoin are audited, we as Bitcoiners should assume that another FTX (or even larger) is hiding in plain sight, thereby suppressing the price.