We're about to see if that 40k line that's been holding since early December can still hold now that the Grayscale whales are cashing out. 👀📉
I don't think it will. But how low it goes depends on how cheap they're willing to sell. You gotta realize Winklevoss twins and others are sitting on up to a 30,000% profit right now and have been waiting 10 years for this.
true depends on how low they willing to go. But is it really “low” he he we shall see
I'm sure they'll stop selling at 20k. They're trying to sell without moving the market too much. Not dumping it all in a day or a week. This will go on for a few weeks. Maybe for a few months if they're really patient. These guys trading Bitcoin for dollars while plebs buy more is going to be good for Bitcoin in the long run. It's going to suck for miners who have fiat bills to pay for a while.
Sounds like some patient people. More sats at better prices since fiat keeps being worse 
They see it as just another asset class. Not true believers. Short sighted. Same reason why I sold a whole shitload of Bitcoin at $240 and didn't get back in for a few years. I didn't really appreciate what it was back then. I just thought a 1400% profit was bangin!
For a while it has been an asset class ! Was that around 2015?? That’s about when my mates in college first mentioned BTC they wouldn’t really explain it properly and I didn’t then do research 🔬
I bought some when it was $17 and then I sold it all at $242 because I had bills I couldn't afford to pay. After I sold it all, it hit $1000 and I was pissed, but then it dropped to $100 and I just stopped paying attention to it for a few years. Had other things in life to focus on.
