Two things of note, to me.
2. The price is rising enthusiastically but the volume is NOTHING compared to the drop. This says to me AGAIN that the DROP was participated in by retail investors. But it is most likely that the recovery has been happening over the counter. This means OTC desks are where the buying is, and there is at least more retail involved in the selling. Par for the course.
Are you sure about that? Looking at the CB 3 day chart (as well as BLX index), the ~10% rebound actually had slightly more volume than the ~15% drop, as well as the highest 3D green candle since May 2021
I am sure about very little... but what I am comparing (and it's just by eyeball) is the amount of volume on the way down vs the amount on the way back up. And the selling looks heavier than the buying.... Could be wrong.
I'm not one to look at the 3D chart very often, but I'm aware that instiutions quite like it as a split between the Daily and Weekly charts, especially for mid-week analysis. The yellow line is otherwise the 200 MA, that's rising bullish, on this time-frame things looks fine - pretty good even ironically. Looks to me more like retail selling / short liquidations followed by
institutional buying into strong liquidity, just as they like it.
But hey, this is just my opinion. I remain bullish at these levels, but I'm also very biased as price remains in a bullish structure of higher highs and higher lows within a macro sized bull flag of consolidation.
Yesterday I saw a video on Tiktok from this Pablo guy (thinks he is Bitcoin Jesus). He is saying that Michael Saylor bought almost all of his Bitcoin in leverage, that he is only the CEO of Microstrategy and that if the others want, they can panic sell all Bitcoins without MS agreeing to it and that he lost trillions in the dot com bubble. I was always suspicious about Michael Saylor, but then again, I never trust rich people.
I have no clue about all this and wonder what you all think about this? Will MS be the new MtGox who will cause the next Bitcoin crash at some point?
Yes.. UnDerDoG81..you seem quite intent upon selling your BTC at the bottom.. and looking for reasons to do so.
Lol. A possible mindrust in the making here
Someone has been buy bitcoin for days in lots of 50-100-500 coins each time. (T)He(y) now hold more that Saylor, and at a better price... They have been dumping ~20MM a day in recently.
A single address... a single entity (of course could be a group, or corporation).
Who is it?
