Oh boy, #Bitcoin bull run just getting started. #Bitcoin on exchanges still dropping rapidly despite ATH. 👀
Discussion
I don't understand why this is important. Anyone could easily just move their coins to an exchange if they wanted to sell.
Yes this is correct 💯
Delivery time 10 minutes on average 😅
Yes, and that would make the chart go up.
I guess the chat tells us, that at the current price, there are more people buying, then moving to the exchanges.
A 2x pump will unlock new sell pressure, but not right now.
It's a nice chat 😇
It’s important because (except for OTC) you can’t buy coins that aren’t on exchanges. Therefore supply is limited when compared to demand.
End result: higher fiat prices and more FOMO.
I have nothing to support this argument but maybe:
The coins on exchanges can be seen as ‘for sale’ whereas the coins not on an exchange are ‘not for sale’.
You are correct that to transfer is trivial but the fact that they are not already on the exchange suggests that the holder is currently not interested in selling.
Maybe.
Still way too many coins on exchanges.
Mother of all short squeeze’s loading
🔥🔥📈⚡️
<2.1M on coinglass