In other news: guys, time to sell. Really.
What? Has it reached $300k/mBTC already?
Almost - anyhow, I'm just trolling. You guys know i'm a long term perma-bull
Is there anyone who is not?
Interesting difference with 2011, trading levels remained at new highs (ish) all the way down ( line = price, points = volume):
https://i.imgur.com/qa5eq4K.gif
But this time, fewer and fewer people are interested post-peak of the bubble, perhaps because most folk know what's coming and don't support the price :
https://i.imgur.com/jM1Ks5y.gif
I'd be interested in seeing a plot of those two graphs with the right volume axis being in terms of the percentage of total minted BTC for values on the X axis.
come again?
I"ve only been around watching the BTC for the last 3 months, and one thing that stands out when zooming out to the full picture volumes where much higher when BTC was valued lower (and when there were less BTC minted). Now it takes less BTC from whales now to "move" the market. So maybe this is because there are more BTC in the market. Is that a good theory?
EDIT: My theory is probably wrong, but it's an interesting observation, and it would be good to see a chart that takes into account the available BTC participating in volume for such charts
EDIT2: Maybe it's a price weighted volume that I think would be more insightful.
