There is ZERO manipulation Part II. And why a move over $100k is inbound.

This is part II of the popular post I authored recently:

https://www.reddit.com/r/Bitcoin/comments/re0ldq/there_is_zero_manipulation_many_dont_understand/?utm_source=share&utm_medium=web2x&context=3

And to conclude that one, I’d like to say bitcoin has never been friendly to short time preferences and its vehicles designed to separate people from their bitcoin, like trading and leverage. I’ve been around bitcoin since the first Obama Administration, and in the decade since, have come to realize the people that complain about manipulation go looking for it, and quickly find it in trading and leverage. So stop getting manipulated and HODL, otherwise you're too close to the painting, staring at an individual brush stroke. Step back and get some perspective:

Why you HODL and shut up

The illiquid supply trend has not broken. It’s still moving up. That’s crazy considering we’ve just experienced a 35% drawdown from the $69k peak a few weeks back. And more surprisingly, the CEX exchange reserves are plummeting. So that chart and BTC’s corresponding price will resolve themselves soon.

No dirty CEX, not your hard wallet, not your coins

And closely related is the realized HODL ratio; it’s quite a ways from being over-extended. You’d like to see it in the red portion up top before a market top. So it appears we’re in the middle the bull-market.

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Let's out-HODL the USD

And what’s up with the hash rate? It’s literally at its all-time high. When you see this, that means miners are competing full-blown for blocks because they’re still profitable, which also means none are selling their stockpile, some miners in fact have used low interest debt to buy spot outright.

Greta is 18 now.

As I’m sure many of you have noticed in the past few weeks, bitcoin has attracted a political element here in the US, Europe, and abroad. That to me is extremely bullish and can drive adoption and awareness better than anything else. And if you read part I, you’d know why adoption is the only thing that matters and how it's related to the inflation reset (halving) every 4 years.

Anyway, I'd like to see a failed try for a lower low this week, a hard pivot and move to an ATH in January.