Jesse Livermore on #Bitcoin.
“… big money must necessarily be in the big swing. …
the fact is that it’s continuance is not the result of manipulation by pools or artifice by financiers, but depends upon basic conditions. And no matter who opposes it, the swing must run as far and as fast and as long as the impelling forces determine.”
So with the big money nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m stack growing at a prolific rate this means that it’s likely big money is selling as we chop around $100k - is there a flaw in that logic?
Yes, but it works for both bull and bear scenarios.
In the case of Bitcoin as a developing asset class it needs serious capital inflow from large capital allocators.
To your question, yes, at an intermediate time period large capital or large paper bitcoin may push price down for a period causing consolidation. This also works in reverse to pump price in a bull scenario.
