Mass liquidation event but many realize "alt szn" is dead. Capitulate to the gud coins? No, the people who bought the gud coins knew this, so they aren't selling.
so the bagholder is either forced seller or liquidated, and then don't get a entry. Morale will improve.
@zeidside@ZeMirch That's the perfect example actually! Nothing left but diamond hander bagholders. Held for 6 years it just started going up right before 10/10.
Those dudes held for 6 years they aren't selling 10/10 dip, again no sellers left and a lil narrative and boom
if you look back at this cycle for BTC, there were 3 dominant flows that drove it
1) Saylor
2) ETFs
3) DAT bubble
It appears for the first time ever, all 3 are net sellers