More #bitcoin https://abs.twimg.com/hashflags... draggable="false" alt=""> is taken off the market by a single entity than what& #39;s being mined now. Not even taking into consideration other onramps like @sqcrypto and others.
So for all the bears calling $3k-$4k.. good luck with that.
$GBTC also has a 6 month lockup. https://twitter.com/WhalePanda/status/1265956525308346369">https://twitter.com/WhalePand...

We& #39;re only 2.5 weeks after halving so I& #39;m expecting some miners to still capitulate and liquidate some of their holdings but overall that shouldn& #39;t take more than a couple of weeks.
@btcfeen has a good thread on this. https://twitter.com/btcfeen/status/1249725552170328065">https://twitter.com/btcfeen/s...

Obviously this doesn& #39;t mean that we& #39;ll just go straight up, there are other factors in play, but the supply shock is real and we& #39;ll see the effects of that soon enough.
Now whether $GBTC holding that much $BTC is a good thing or a bad thing... there are arguments on both sides.