@david_koops @LynAldenContact@FitzGibb0n@wclemente This model assumes that miners liquidate all new supply, which we know is not true.
HODL waves and distribution/accumulation from long-term holders has a much greater impact on the market today than new supply via mining.
The yearly low for $BTC occurred in January during 8 of the last 11 years.
'14 & '18 the yearly low occurred in December (bear market).
Worth paying attention to the trend that #Bitcoin establishes in early 2022.
@CryptoCobain @loomdart If we canโt find at least $5b of new buyers between now and end of Feb then we might as well pack it all up and go home.
And by go home I of course mean go to Zuckโs metaverse.