They are trying to shake folks out of their position to complete the attempted centralization of #Bitcoin.
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Discussion
Bitcoin has moved from exchanges to Coinbase custodial wallets. Long term hodlers selling is also elevated... There is low new on chain users..
There will be two types of #Bitcoin, the wild/black one will be much more valuable……….
The captured #Bitcoin behind the ivory walls of ETF’s is not coming back……..
Don’t sell your own inheritance for a bowl of soup ……….
Based on the chart, it is - objectively - the worst bull run ever.
If I’m trying to capture your position, I would love for you to think like that and sell…….
Patience……
Let's not forget that the central banks haven't started printing a lot yet. The last couple of years they were tightening after a huge 20+ year bull market and the backdrop of higher interest rates.