Bitcoin illiquid supply keeps climbing, while price is dropping...
There is something very different about this bear market compared with previous ones.
Historically when the price would decline, the number of illiquid coins would also decline...
However, that's not happening right now:
(source: https://twitter.com/therationalroot/status/1534509161635106816/photo/1)
In fact, the exact opposite is happening right now...
The price is declining and the illiquid supply is increasing.
That is something we have rarely seen throughout bitcoin's history.
Once the fast money momentum chasers are all done selling, the price will go up again as the true believers take over again.
Jon, Thank You for sharing Your insights...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Upvoted! Thank you for supporting witness @jswit.
Please check my new project, STEEM.NFT. Thank you!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank You for sharing...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Some are in for keeps and some are in for the money.both parties have a major play in the market.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank You for sharing...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hello! Please vote for @steemit-market. We are developing a store with payment in steem and tron, and we also vote for steemit entrepreneurs. @alexmove.witness and I are also implementing an automatic system for verifying the uniqueness of posts. Every day we send increased cashback to those who vote for us! Thank you and good luck!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit