EDIT: Welcome back, Gyrsur
Thank you brother in arms.
Looks like Black Rock & Co. are buying massive amounts of physical
BTC OTC and are hoping not to trigger the ATH again. Some nasty players build massive sell walls against the buying pressure. I smell conspiracy for not lifting up the price too soon before the Halving.
Suckers.
Let's recapitulate:
The massive sellwalls, as intimidating as they might appear, help to keep the price down, which is not the worst thing pre-Halving, because it makes Bitcoin look more attractive, price wise. On the other hand, drying up OTC markets will do us an additional favor later in the cycle.
Blackrock (and co.) is aware of and trying to delay the unavoidable supply shock. This is fine, because it will come anyway.
If only the mt.gox coins were already released, to take away future uncertainties, but i watched the wallet tracker yesterday and there was null of movement, so the recent twatter news (currently known as "X") about payouts, even double payouts must have been fake.
Watching the chart of BTC distribution chilled my concerns instantly, 10 millions of BTC in private hands, the ETF hyenas are currently running for their lives.
Now isn't that really sweet?
EDIT: It's just useless to look too negatively at things that cannot be changed. Embrace.
Maybe it's just me, being overly positive today, because my new astro-camera arrived today.
