Something is different about this bear market...
Bitcoin illiquid supply keeps climbing, while price is dropping...
There is something very different about this bear market compared with previous ones.
Historically when the price would decline, the number of illiquid coins would also decline...
However, that's not happening right now:
(source: https://twitter.com/therationalroot/status/1534509161635106816/photo/1)
In fact, the exact opposite is happening right now...
The price is declining and the illiquid supply is increasing.
That is something we have rarely seen throughout bitcoin's history.
Once the fast money momentum chasers are all done selling, the price will go up again as the true believers take over again.
Jon, Thank You for sharing Your insights...
Upvoted! Thank you for supporting witness @jswit.
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Thank You for sharing...
Some are in for keeps and some are in for the money.both parties have a major play in the market.
Thank You for sharing...
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