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“Bitcoin supply on exchanges at 3 years low. Whales accumulated a lot. Grayscale has no Bitcoins unlocked to sell from today till February. Q4 will be madness. We are ready”

“Bitcoin supply on exchanges at 3 years low. Whales accumulated a lot. Grayscale has no Bitcoins unlocked to sell from today till February. Q4 will be madness. We are ready”



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23 Comments

  1. The wording is confusing but since Grayscale does not sell Bitcoin but rather engages with institutional lot reservations with a lock up period does it really mean Grayscale has no GBTC lockup expiration coming due until February 2022?

    They have turned off that program for a while, how big is the lock up anyways relatively speaking? Is it even something to be concerned with?

  2. September will continue to be a red month as it has been for several years now.

    This should not distract you from what is in store for Bitcoin in the last quarter of 2021.

    Look at the current period as an opportunity to accumulate more BTC.

  3. these “statistics” are extremely easy to manipulate and even if the data were 100% accurate on what it claims to measure, there is sooooo very much (by far the majority of pre-trading order activity) which is not even claiming to be captured in this data.

    if you have ever watched real time trading data for a long time, you start to realize the numbers in the order books relate very little to the amount and price of actual trading. that is because there are all sorts of ways to “hide” your orders, both using methods offered by the exchange, and by your own system of automation outside their system. and that’s not even mentioning all of the orders which exist in people’s heads, but which aren’t on the exchange at all. when they see the price they want, they make a quick deposit and make their trade. it doesn’t take long and it’s really the smartest way to trade because giving your exchange your order intentions only enables them and everyone else to front run you (at least to the extent they believe the order book relates to actual trading activity).

    so trying to sell this story as true only gives them incentive to hide their orders to push this narrative. which is of course great if you want a pump and dump.

  4. We have had numerous so called influencers call game on, alt season, etc this year and then the market dumps. Don’t blame me if I say I’ll believe it once I see it, and not just “but the retrace” I mean everything up no brakes for weeks at a time.

  5. In addition to the skepticism here….I would think this would then trigger a squeeze since supply is very low and short sellers would look to cover. I dont see erratic price changes that signal a short squeeze…

What do you think?

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