Price comes from the intersection of supply of btc and demand of Bitcoin. In my assessment, we all have lived under an artificial and inflated supply of btc for quite some time (ie no one who bought/supplied btc from ftx actually got Bitcoin).
However, now there is a fundamentally new short demand curve move. Perhaps it’s too simplistic analysis, but it still appears the actual supply of Bitcoin is far lower than is being played out in the “market”.
Please help me understand where I may be wrong.
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