Will Bitcoin Hit $1,000,000 After The Halving?
Blockware Podcast
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Bitcoin's Capitalization Event
The bottom really happened around, you know, around this exact moment in time as the previous cycles. These capitalization events are quite rare and they're really visible on chain because a lot of Bitcoin suddenly starts moving hands. And to me, like the distribution of supply actually started looking very similar during that final capitalation of FTX. So I think it was kind of clear, yeah, we could have had another cascade or something else but I couldn't really imagine some event equally as intense as the FTX event.
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