JUNE Ended But Records are still Counting the latest Glassnode report Say's.
Fuck Glassnode and their manipulation games.
Just my2ct
Really
I'm sure 😊 you are good at analysis of all the Transections then. I can't put my whole week to analyze the transfer details to take next position and pack up with the coming time,
Many onchain data guys like Willy Woo came up with the 180 degree wrong conclusions again and again in the recent years, since Glassnode and the other services popped into existence.
Some of that data is helpful, sure. But all in all it's just another tool to convince the masses into believing a certain market narrative.
Wrong conclusions? There were interpretations of on-chain data, and opinions, maybe outlooks, but not much more.
Those conclusions only were in your head. You don't want to project onto neutral statements, but you wanna learn from your mistakes and use greatly provided inside information, instead of feeding hopium. Same as for PlanB fanboys. He always said his model(s) point(s) to areas of $$$ to $$$ to become
possible, which is no guarantee or
conclusion in any way. The models broke. So what? He even said from time to time that models are destined for breaking,
it's only a question of the when.
If you want oracles, go to the amusement park of the nearest fair.
I was bullish on PlanB, too. But i'm a hodler. I don't care if or when S2F broke, but i found it interesting.
There will be other models, analysis(es) and "conclusions", but you can be sure of the one thing,
the first law of Bitcoin:
BTCitcoin doesn't care!
