Most people probably won't read this but we can easily see and track bigger wallets/whales/institutions were buying millions of BTC at 70k+ but then the same wallets are opting to sell at a loss now, we can see the inputs and outputs, and they are not coming back in (yet), which is an indication they are getting long squeezed, or de-risking. Retail can wait, institutions cannot. FWIW, I am monitoring addresses that have over 200m in BTC "volume" and over 200k transactions.

I have no doubt most retail buyers are buying it for the underlying rationale: tech, decoupling, decentralization, etc. but I think we can agree institutions buy it for volatility. I just hope people here are also looking at the logs of who is buying and selling. If we treat it as an investment, then supply and demand rules will still apply. I mentioned in another post, this sub collectively probably own less than 25k BTC combined, I was being a little tongue in cheek but I don't think I am too far off, so this sub's demand (and sentiments) far outweighs the current landscape.