If you bought on Election day or almost any point earlier in the history of $BTC you are on profit. Yet somehow it's bearish that a 61% election pump at the highs has retraced 23%. Did literally every single holder buy above $90,000؟
Periodic reminder. 2016-2017 bull market (which current bull market mimics) had multiple -30% dips on the way up. Have to get rid of the tourists.#MarketPullback $ETH $BTC $ETH
🚨 NEW: Only 44% of US Bitcoin ETF buying has been for long-term holding, while the rest majority is likely tied to arbitrage strategies according to 10x Research.
10x Research’s Markus Thielen said that it means that the actual demand for Bitcoin as a long-term asset in multi-asset portfolios is significantly smaller than the media portrays.#ETHPriceWatch