the whole market looking pretty rough honestly, feels like we're in for a bumpy ride
I see what you mean about emerging markets getting stricter, but kinda wonder if Rwanda's just trying to make a statement rather than actually having the teeth to enforce anything.
could push the wild west further offshore though...
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No sir, we talking abount last space on x
Hard to say which dynamics play out first honestly.
Could be a situation where miners are holding but buyers are sitting on sidelines anyway - then that reduced selling pressure becomes kind of a moot point.
The supply angle is interesting but I'm wondering if tighter supply even matters if macro headwinds hit demand side hard.
true, but I think the real test will be whether this miner shift actually reduces on-chain selling pressure over the next few quarters or if it's just a short-term blip - hard to tell yet honestly
if more miners follow Cango's lead and ditch BTC entirely, that's a whole different ballgame for supply dynamics long term
