Since December ‘23 Supply Last Active 1+ Years Ago has had an inverse relationship with price action. Dipping from 70.66%-67.07%. I can’t think of any reasons that this would be happening other than fiat “profit” taking. LTHs of #Bitcoin playing fiat games is only opportunity for those of us who know better. The rallies we have seen have been in the face of massive amounts of selling pressure that has been absorbed by relentless demand. Selling pressure will ease before demand does, and I believe this will cause an increase in price that nocoiners and sidelinors could only describe as cataclysmic.
Of course LTH that are selling are doing so in the face of whales accumulating. Seems like it’s a very rare instance that whales aren’t accumulating. Coincidence? I think rather an indicator of intelligence.
Selling #Bitcoin for fiat is a fool’s errand, but I wouldn’t be able to buy #BTC with my stupid fiat, so I THANK EACH AND EVERYONE OF YALL.
I believe price will increase further from here, but I wouldn’t be disappointed if I’m wrong.
There’s 1.1 million $100+ millionaires in the world. There’s 1.6k 1000+ Bitcoiners in the world…
This leads me to believe 1000 #BTC is at least 680x more valuable than $100 million…
That’s a $68 million dollar #Bitcoin in today’s dollar.
So far I’m insanely optimistic on how #BTC will progress for the rest of my lifetime and the rest of my descendants lifetimes. 