There is a big sell wall at $100k what if no one is selling until $110k with the little Bitcoin that there are selling and the sell order gets filled? What if the next selling spot is $120k or $150k? With such little supply on the sell side, with huge demand on the buy side. Is this price discovery? Will the next selling spot but bidded up to $200k instantly? $98k is not a lot of money for 1 Bitcoin to the ultra rich. There is to much demand on the buy side, there isnβt enough supply up for sell at these prices. This might be the game theory bullrun. People, companies, states, nations are buying, who is selling, for fiat that is print unlimitedly? Sell for what? [link] [comments] |
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