Side thought. Exchanges (not OTC) drive up the bid, when prices hit an ATH and the roughly 2.5M BTC float is paper Bitcoin exchanges don’t even have ATM.
Bitcoin reserves across all cryptocurrency exchanges fell to 2.35 million BTC as hedge funds buy the dip
https://cointelegraph.com/news/bitcoin-exchanges-reserves-7-year-low-hedge-funds-buy-dip
Side thought. Exchanges (not OTC) drive up the bid, when prices hit an ATH and the roughly 2.5M BTC float is paper Bitcoin exchanges don’t even have ATM.
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