Don't meet the right person too early, everyone you meet in life, the order of appearance is important, many people would have a different ending if they knew each other at a different time!
In the past 24 hours, there have been a total of 360,222 $SHIB tokens burned and 1 transaction. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more.
~70% of all $BTC in existence is being HODL'd and has not been sold for over a year. That number has only INCREASED through 3AC, the FTX collapse, AND recent actions against Coinbase/Binance from the SEC.
There is LESS EXCESS SUPPLY available than there has EVER BEEN in the history of Bitcoins existence. What does this mean?
The situation with Bitcoin right now is like a kerosene soaked rag in the middle of a forest filled with dead trees- all it will take is a single spark of demand (could be in the form of a number of positive fundamental catalysts- the reason behind the spark doesn't matter) to set that rag on fire.
And once that rag is on fire the move up will start. Slowly at first, then all at once- just as a forest fire starts from a single spark and soon becomes an uncontrollable blaze, obliterating anything and anyone in it's way.
If supply continues to constrict as it has been, and those HODL'ers are not selling- regardless of the crash of some of the biggest VC's/firms in this space, regardless of the crash of the 2nd largest exchange in the world, and regardless of the SEC and their enforcement actions, then it is an INEVITABILITY that price is going to rise to new highs.
And my bet is that it happens sooner than anyone is expecting.
People keep saying they expect months of sideways action to allow for accumulation until the halving in '24- which should lead to new all time highs in '24-'25.
But the reality is clear- and can be summed up by the image below. Accumulation HAS ALREADY OCCURRED- more Bitcoin has been accumulated by HODL'ers than EVER before. The "accumulation phase" that so many are waiting for/expecting has already happened!
This is simply another factor/piece of evidence that aligns with my thesis of new all time highs this year. Yes, I could be wrong, but the data supports my ideas.
I'll see you all on the other side 🫡