I think there have been a large % of the market on the sidelines in tether and fiat, when the BIP91 lock-in-period started (first BIP91 block mined) BTC was around $1900, when it got locked-in, the BTC price was near $2800. Definite price correlation with this news event.
Very interesting analysis, thanks for providing the clues. The super pump looks like a bull-trap, if the bubble is real then this is probably the 'return to normal' stage. Will be curious to see how the week plays out (:
I think there have been a large % of the market on the sidelines in tether and fiat, when the BIP91 lock-in-period started (first BIP91 block mined) BTC was around $1900, when it got locked-in, the BTC price was near $2800. Definite price correlation with this news event.
Very interesting analysis, thanks for providing the clues. The super pump looks like a bull-trap, if the bubble is real then this is probably the 'return to normal' stage. Will be curious to see how the week plays out (: