Well this explains alot!! Coinbase is not even on the list for BTC volume. I wonder if this will change the minute that they approve "in kind" settlements?

This Bitcoin cycle is being dominated by Bitcoin treasury companies. Some of these companies are baiting HODLE'rs to get a loan against their Bitcoin. I believe that the treasury companies are after the same thing as Steak and Shake....more Bitcoin. Any bitcoin loan is subject to liquidation. During a liquidation event, you give your Bitcoin over to the lender. Sounds like a business model to me. Just another whale hunting stops (liquidation prices).

I hear a big sucking sound, and it's getting louder by the day. I wish they would bring back that GBTC commercial that shows the frantic gold bugs beginning to panic. :)

Hello Nostrville.