With all the positive fundamental developments for #Bitcoin it is important to keep in mind that this market continues to be heavily driven by macro uncertainty, which is high inflation, hawkish central banks, and currently also conflicts such as in Ukraine. $BTC 
So #Bitcoin's supply can get overall thinner, but it does not have to be reflected in the price right now. Price action suggests that those in control of price currently are the ones that see bitcoin as a high-risk asset.
Most likely those are participants from traditional finance and also those who play the derivatives markets. So it is not surprising that we see such high correlations of #Bitcoin's price with stocks etc...
While it may not be a large group, they currently appear to be dominating price.
In that environment, as long as demand does not follow, a thinner supply does not matter that much. It is still very positive, as that means should demand to pick up again at some point, it will be faced with a lower supply of bitcoin on the markets.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
