But many ancient whales control large swaths of BTC. China could try and collapse it and would temporarily knock it down but it’ll rebound with a vengeance.
Yeah agreed ancient whales are def still present and a factor.
Whales are not, so much of the current price is built on leverage that even if the CCP blows their load and can only cause a small correction, all they need it to do is hit a number that would trigger a cascade of deleveraging events like march 2020.
It will be interesting to see how it plays out for sure.
This is a genius theory.
But many ancient whales control large swaths of BTC. China could try and collapse it and would temporarily knock it down but it’ll rebound with a vengeance.
Yeah agreed ancient whales are def still present and a factor.
Whales are not, so much of the current price is built on leverage that even if the CCP blows their load and can only cause a small correction, all they need it to do is hit a number that would trigger a cascade of deleveraging events like march 2020.
It will be interesting to see how it plays out for sure.