I don't see it the same way but thanks. I'm sure there's some paper but they don't need to do that work right now ... There's enough selling to keep the price down.

When the long term holders weren't selling and ETFs + treasuries we're buying we went up from 50k to 120k.

When long term holders started selling and ETFs + treasuries bought we ranged for a year.

Now with sellers and treasuries + ETFs not buying we have been trending down