@KrocsBots

What is keeping Bitcoin from breaking out this year the way it had last year? One of the big things with Bitcoin is that the supply and demand mechanisms can be very well understood. Anyone can check on the on-chain metrics where the supply is and how liquid it is. What we are watching in Bitcoin is similar to what we saw in 2020 and again in the summer of 2021, right before the big run-up, is that more and more long-term holders are acquiring Bitcoin and taking it off the…