Squish Profile picture
17 Apr, 6 tweets, 2 min read
“Net annual buy pressure” doesn’t make the point.

In a halving event, $BTC miner sell pressure drops 50%. It causes all hell to break loose. What will this look like for $ETH?
Post-merge, $ETH sell pressure will drop 90%. For $BTC sell pressure to reduce this much, it takes 3 halving events. I’ll repeat:

ETH will undergo the equivalent of 3 halving events in the next 12 months.
Illiquidity breeds volatility, and more illiquidity breeds more volatility. Post-merge, expect $ETH to have 3 halving events of volatility in 1 cycle.
However, $ETH also has an organic, accelerating #DeFi and NFT economy that $BTC has never had.

The narrative, the hype-ability, is infinitely higher. ETH can claim the BTC narrative but “ultra-sound” while also claiming NFT’s, DeFi, etc.
This much is obvious. If you have a price target, you’re being naive.

We are about to see 3 halvings of supply reduction in the face of INCREASING demand for an asset that has reached critical mass (90+% developers, rising transactions, rising TVL, NFT adoption, DeFi adoption)
And then the ETF gets approved.

Accelerating ETH demand is forced to buy into 3 halvings worth of a supply shock.

Buckle up.

• • •

Missing some Tweet in this thread? You can try to force a refresh

Keep Current with Squish

Squish Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!


Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!