I like it. It's either a sellf-fulfilling prohecy played out by nervous traders expecting it, or a dynamic system adapting to institutional risk tolerance...
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Also, the OG “self-fulfilling” narrative dovetails nicely with Jordi Visser’s take on bitcoin’s “ICO moment.”
Bitcoin’s Silent IPO: Why This Consolidation Isn’t What You Think
The quiet liquidity event reshaping Bitcoin’s ownership base and its future stability
Ty for the link. I heard this discussed but have not read.