Been seeing a lot of posts of LT holders who’ve already sold 50-85% of their spot BTC bags
No judgment at all; gud profits
They’ll also probs sell more around next leg up
If cycle extends - as I believe - all that capital will be sidelined
Opportunity is yuge if all plays out
18 months ago feels like a long time ago for people here on CT
That's wen we ran WIF up to $4bn market cap
Also wen BTC ETFs were introduced to tradfi
For chadfi, 18 months is a blip
They're gladly stacking BTC (& select few other coins) meanwhile, at 95% discount to gold
No care is given by this capital about a 4 year cycle that happened twice in crypto
If the cycle extends - which I believe - then the chasing by many people will be vicious
& many will be left to rue their belief in a phenomenon that only presented itself twice in a young category during tiny speck of history
Les see how we roll
We’re in this tug of war between OG crypto players & tradfi players this year
Fun to watch & see it in how people don’t quite get the dumps they want (vicious ones) & bottom early ish
No one really getting what they want
Except tradfi who don’t really care short term anyway
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