The halving... in perspective. and theory. why does asia sell?
We know halving is block rewards cut in half for miners. (do we acknowledge the price still will not be affected until miners refuse to sell for low prices? In my title I mispoke. They do not actually want to dump it. they want to sell into it as much as the others will buy.
Are miners selling? well we can see asian sessions are full of selling 9/10 times. most miners an. d whales are in asia and inverse to london and usa bullish sessions. . If I were a miner. I would not hodl when there is plenty of liquidity from people raving about the halving taking us to the moon. (in perspective. the last 2 halving had a prepump high... then a dump to retest lows just before the event. So far an identical pattern and look.) 3rd times a charm?
Why would miners sell though? It is their business. times are tough for all and bigger miners can afford to sell much lower than smaller miners. They can effectively run them out of the market for the future competiti.on of the reduced rewards. They could later easily insght a true bull market but rebuying at the bottom.
This is just food for thought. I am just spinning my wheels. one thing I am sure of though. bitcoin has always been a contrarion mover. Bakkt/china/consensus/ - dump it. Iran war. pandemic. tether finex FCC case - pump it. Crazy bitcoin. just crazy. maybe it is true what they say about the psychology after all. Good luck. have fun
Are miners selling? well we can see asian sessions are full of selling 9/10 times. most miners an. d whales are in asia and inverse to london and usa bullish sessions. . If I were a miner. I would not hodl when there is plenty of liquidity from people raving about the halving taking us to the moon. (in perspective. the last 2 halving had a prepump high... then a dump to retest lows just before the event. So far an identical pattern and look.) 3rd times a charm?
Why would miners sell though? It is their business. times are tough for all and bigger miners can afford to sell much lower than smaller miners. They can effectively run them out of the market for the future competiti.on of the reduced rewards. They could later easily insght a true bull market but rebuying at the bottom.
This is just food for thought. I am just spinning my wheels. one thing I am sure of though. bitcoin has always been a contrarion mover. Bakkt/china/consensus/ - dump it. Iran war. pandemic. tether finex FCC case - pump it. Crazy bitcoin. just crazy. maybe it is true what they say about the psychology after all. Good luck. have fun