#BTC likes to do exactly what it is doing now.
Major move up, where it then stalls until after the labor market releases at the beginning of the month.
Lots of labor market data over the next 4 days.
When #BTC is stalled, #ALTs usually make their moves because when BTC moves, everything else usually stops moving and watches the king.
After all this labor market data is out, BTC may begin its next move.
@CastilloTrading Look back at November. Lines up with what you are talking about. Explosive move and then range all December. Bear trap/profit taking finally in January and then just an insane run after.
Anyone still remember those times when well-informed influencers have been repeating the "ETF's are a failure and you should sell the news" mantra? Seems like ages ago. GM ☀️
Demand from the #Bitcoin ETFs yesterday was ~9,000 BTC.
That's 10x greater than new supply issuance (900 BTC mined per day).
And the halving is in 2 months (900-->450).
What happens when demand 20x greater than supply?
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