supply shock incoming
Discussion
Why does balance not start at 0….
🤔🤫
This graph is disingenuous. It’s a handpicked timeframe that does not represent the full picture. The price starts around $53k and supply goes from 2.7m to 2.19
This doesn’t tell me anything. Pretend correlation.
Because then it would look lame little drop down.
Which it is...
you would have to go back many years for the balance to be zero...coupla years with of chart is still useful
Since supply is so quickly moved I didn't really think it is a useful metric 😕
There might be 5 million coins that are ready to sell at 500k just chilling in cold wallets.
It is a good metric to measure self custody tho 😄