270,000 BTC accumulated by whales at $59k. largest single accumulation spike ever recorded on chain. bigger than the covid bottom (150k BTC). bigger than the FTX bottom (180k BTC). ETF outflows hit $4.5b in june but that capital rotated to semis, not cash. the entities selling BTC face quarterly redemptions and compliance committees armed with citi's $82k target. the entities buying have no reporting requirements and no redemption pressure. LTH SOPR at 0.615 last printed in july 2023 at $25k-$31k before the run to $73k. forced sellers are finite. voluntary buyers at record size are not.
270,000 BTC accumulated by whales at $59k. largest single accumulation spike ever recorded on chain. bigger than the covid bottom (150k BTC). bigger than the FTX bottom (180k BTC). ETF outflows hit $4.5b in june but that capital rotated to semis, not cash. the entities selling BTC face quarterly redemptions and compliance committees armed with citi's $82k target. the entities buying have no reporting requirements and no redemption pressure. LTH SOPR at 0.615 last printed in july 2023 at $25k-$31k before the run to $73k. forced sellers are finite. voluntary buyers at record size are not.
@Pumpfun Stfu you guys single handled destroyed the trenches. You also gave us a great platform, sure. But now every single idea has 100 copy cat coins and rug pulls. There’s no protection or community building. Just a war zone
@degenharambe truth
pepe pumping first is the best thing we’ve had in a while
1) take me back to the q1/q2 2023 peak times & 2) take me back to when it was all on ETH and not in the rape factory of sol
lol here’s the part where half the people who were posting that the cycle top is in and over change sentiment back to bullish and act like they never sold or switched up