Oddbean

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 And this is where the liquidity is coming in, and remember that bitcoin is a proxy for liquidity. The question is what will happen in March as the BTFP program is supposed to end.

Interestingly the liquidity cycles have always coincided with halving, you should rethink if halving is so important to the bitcoin price or maybe liquidity is.

https://m.primal.net/HWdN.png

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 6.25 becomes 3.125

I think thats a pretty insanely fucking big deal. A way bigger deal that how many usd peso’s exist in circulation.

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 funny enough the olympic games also coincides

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 and leap years!

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 And if you don't believe me...

https://m.primal.net/HWdP.png

nostr:note1detwa3gaax3d43thrj74gg7xznqn6fswclhuj0drndsm02wz7yrq8dflac

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 why noth both?.gif

probably both have an effect on the price, less demand when liquidity is gone, plus increased selling from miners with halving

and then when market and price settles, supply shortage effect kicks in and liquidity increases again and you get a boom

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 Can you share a screenshot? Sounds interesting, primal has no love for tor tho ...
https://image.nostr.build/89064389548f0d945f4bcd26e49f01aedbce1c2f27c57ea047c54e05442111cc.jpg#m=image%2Fjpeg&dim=1067x1920&blurhash=%5DMSF-EWBogj%5Bof_2R*kBfjkB00ayj%5Df7of%7EpayWUj%5Bfi4njaafj%5Bj%5B_3WUWBkCa%7B9Ff6afj%5Bj%5B%3FubGWBfkayD*oMafayf7&x=81fac1c37be72b5ade3cc70eb9099b513fda98fb5f1b6d1c8ee19ddd1e1a1097

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 Do you think they just replace the BTFP or replace it with something similar? #bankingbad

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 QE Anon

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 BTFP might end, but it will need to be replaced with another liquidity source.  The U.S. market is drowning in debt.  BUY THE FUCKING PAPER!