
#727 What Is Going On With Bitcoin? w/ Will Clemente
The Pomp Podcast
00:00
Long Term Speculators Scale Out Into Strength
Long term holders are kind of smart money in the market. So they kind of buy it into weakness. They don't perfectly by the absolute peco bottom, but they scale into weakness and they scale out into strength. And so you see this disbehavior between long term and short term holders throughout all bikcoin's history,. Throughout every single majoral in bigcoin's history, long term holders have sold. Meanwhile, short term speculators have come in and bought their bags the whole way up. Now, recently, over the last two weeks, we've started to see some red prints, which means that they've now started to distribute again. This isn't meaning that the bull market
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