Bitcoin.Review Podcast with NVK & Guests cover image

BR014 - On-chain Economics Experts Roundtable ft. Checkmate, Permabull & TXMC

Bitcoin.Review Podcast with NVK & Guests

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The Elon Candle Is Creating an All Time High, Right?

In hindsight, it is learned that the peak of the market was really in January. That was the height of all activity on chain. When Coinbase went when when public versus the November peak, the November peak was much lower. So how do you have price at a higher level, but there's less stored profit in the system? Well, that's because some guys took their money out. They literally took profits. So thus you have less stored energy, massive bearish divergence.

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