@BitcoinBaby 29 April 2022 more from that month

𝐂𝐫𝐲𝐩𝐭𝐨 𝐖𝐞𝐚𝐭𝐡𝐞𝐫 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 I am getting so tired of that so-called supply crunch that never happens. Today again this from a Glassnode analyst who explains that the 30-day change in the Bitcoin Exchange Balance has hit negative levels seen very few times in the last 2 years. Thus as the amount of illiquid supply for Bitcoin continues to grow there could be a supply crunch leading to a price surge. And yes looking at the picture there seems indeed to be a correlation, but I have been hearing this for months now....so when will this play out. Well, it might play out sooner than expected, remember those rate hikes I keep mentioning, those might be the trigger. Because currently the 50 points coming are already priced i.n .....so if the FED decides to not get that strict... that might just be the drop that sucks the last bit of supply from the exchanges and causes the next rally. Now the FED been really keen on getting this fight with the inflation they caused going, so I do not expect them to budge....but it´s a trigger like that we need to set off that chain reaction. Another option would be a dip, because retail has been buying the dip and one good dip towards 35K might just be enough to bounce back up to 50K and beyond. #crypto #stillbearish