The "supply shock" everyone was talking about and waiting for in 2020/21, if does, most likely will happen 4 years later.. many are not ready for it.

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When the moment comes that people realize they NEED bitcoin, there will be none for sale... this will lead to alternative currencies being adopted temporarily: the handjob economy will emerge

im a bit surprised that the depth would be that high, but the reduction does show that buyers dont want to pay more