Can someone explain what I'm missing? If I'm right then I think that this ought to be a key area of focus for nostr:npub15dqlghlewk84wz3pkqqvzl2w2w36f97g89ljds8x6c094nlu02vqjllm5m nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m and other influential bitcoiners. We need proper audits of all #bitcoin on exchanges!
nostr:note10lnade0yjvpcqzqdlyyszvzurvhyfd2kctt33k80zvnczdlaxczq2lcs33
Markets are complicated, and liquidity pools can lead to weird behaviors. Could you ask a more specific question?
nostr:npub12akj8hpakgzk6gygf9rzlm343nulpue3pgkx8jmvyeayh86cfrus4x6fdh
Markets are complicated but they're not that complicated. In the end it's supply and demand. And we know that a very large amount of #Bitcoin has recently been absorbed by ETFs.
Yes, there has been a lot of extraordinary selling on the supply side (including the German police, FTX, Mt. Gox etc.) but this has been the case every cycle.
I think that until all major custodians' holdings Bitcoin are audited, we as Bitcoiners should assume that another FTX (or even larger) is hiding in plain sight, thereby suppressing the price.
