Also the sad reality that a lot of the liquidity now is flowing in and out of the ETF. so no one is moving money from/to their own wallets.
Discussion
BITCOIN LIQUIDITY IS TRAPPED.
#Mempool is empty, and it’s a cold truth considering the shitcoinery it was happening on it. Yet most traded Bitcoin isn’t moving because it’s locked up with custodians. ETFs, exchanges, and custodial wallets are holding the keys while retail ignores self-custody. And shitcoiners are moving to cheaper networks.
🏴☠️40% of the #bitcoin traded volume still moves through exchanges
🔸OTC balances are up 105%
🚩Only 35% of long-term holder supply went to ETFs
🔸ETF trading volume is just 4% of the total market.
That’s why I don’t think it’s
the ETFs. We simply need to recognise that only a fraction of a fraction is holding their own keys. Which is a rug risk indicator. And also a validation that the sheeple don’t want to be sovereign.
We better take advantage and build better solutions.
The global banks are trying their best to pull liquidity from the world.
Companies are laying off
Credit card debt piling on
Automakers are losing billions
Commercial real estate is imploding
People can't afford homes
The fed can't lower rates below the markets
Governments don'tt know how they are going to avoid hyperinflation
Trade wars are looming
And we are surprised that a new and modern sound money and alternative assets is flat and not a lot of new speculation and liquidity?
Dude, it's amazing to be where we are at with all else going on.