Or. People are selling their bitcoin.
Discussion
Yes, but if held in self custody, Arkham track those inflows.
There is selling, but not enough to satisfy even a fraction of the reserve companies purchases.
> There is selling, but not enough to satisfy even a fraction of the reserve companies purchases.
Based on what ?
do you have data feeds from every OTC desk ?
you're just speculating over nothing as far as I can do.
your starting point in paper bitcoin and you're working backwards.