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The only thing we can know for sure, is that the price has gone sideways for 12-months, whilst a conservative estimate would show hundreds of billions of dollars worth of coin have changed hands.
The thing that strikes me again and again about this cycle, is how massive the sell-side pressure has been…and how little the price has collapsed in response.
What I do know, is that when those sellers do dry up…
…I think they will have ended up selling their coins to entities who have no interest in selling.
BULLISH