Consider that in all of Bitcoins history, the price has rarely gone above the total outflow from miners in terms of total bitcoin supply. This will be the new normal, with demand exceedingly outpacing supply after the next halving event. This is one way to visualize the "new demand" in terms of inflationary pressures, and could be included in an analysis of supply factors.
Here we look at two things
A) When did the institutions begin their accumulation?
B) How will BTC be supported at higher levels?
We can see that lots of institutional buying was made around December 15th, as noted by CNBC.
This lower area around $22,000 is a great entry point and a lower support band for BTC. Institutional buyers (smart money) will be moving...
I see two scenarios playing out over the next couple hours-days.
Scenario 1- BTC continues a steady bleed or hovers around the $32500 range, allowing LINK to move back up slowly.
Scenario 2- BTC breaks lower, sending LINK down with it, past its previous support. In this case there will be new opportunities to reaccumulate if you sold past $20, and this could be...
