MartyBent on nostr

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@MartyBent 1762181894

The fact that the market can absorb this amount of sell pressure without nuking 30-50% is the signal here.

TFTC @TFTC · 44w

Long-term bitcoin holders have sold more than 400,000 bitcoin over the last 30-days, representing almost 2% of the total supply. Bitcoin is in a material supply distribution phase and the price is still holding strong above $100,000. https://blossom.primal.net/2a2995dc76c853ac Show more

235❤️40🤙5❤1👀1💯1🧡1

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Hard Cap SOLID Cologne · 44w

The more concerning part is why they would sell as OGs…

Exactly, that resilience is impressive.

Nostress · 44w

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Chris Krause · 44w

Bitcoin Dawg · 44w

proofofprice.com · 44w

They think we are following the 4 year cycle.

charliesurf is rekt · 44w

stay strong my fellow bag holders!!!

If you are a whale, it is only natural to sell and enjoy the wealth you’ve accumulated. Let’s work towards building systems that allow for selling directly for the things they want instead of btc-to-local currency-to-thing.

Let them sell https://i.nostr.build/uoLqSKssolOqYfoA.gif

Maybe. The question is why long term holders sell at this price now?

DasFrettchen · 44w

Thank you long term holdlers for the distribution, I will carry this few sats forward and dump it to the next generation in 16 years. They too will be wondering why did I sell so cheap 😉

Pretty unreal. Will see if demand keeps up.

Self-fulfilling 4 year cycle theory playing out.

Very scarce, we worried back In the day there was not going to be any BTC around. If we struggled at 100K, for NGU imagine at “1M”. There will always be plenty of BTC around. everyone is a seller.

Who is selling now?? And why ? #asknostr

https://64.media.tumblr.com/5cadd12e1b7b908b6e12d0e0ae50b82a/ee9f28499e68ea21-08/s540x810/1ac706de87a857470f629e829f608a6492951c0b.gifv