What a load of horse shit!! The largest market, is in, The US. Binance has no retail reach there, so where do you draw your conclusions from🤔?
You have a valid point but if anything I think that points to the fact that this is coming from retail outside the U.S. Could be from UAE, Ethiopia, and Argentina state-backed mining fomo idk 🤷♂️
Mining has fuck all to do with the price😂. Yes, the block issuance has gone down from 6.25 to 3.125, the price is all to do with increased liquidity in the market. i.e. money supply🤷🏻♂️.