Short spoken analysis (by Kosta Ouzas) about Bitcoin price behavior: speaker argues that an unexpected shock—caused by many coins being locked in a scam—pushed price above the expected power-law support, producing a correction; subsequently Covid triggered a stronger market reset that returned price to the power-law bottom, compressing the market before a later bull run.
I always say there is no supply shock in Bitcoin. But in that case, there was some kind of shock in the system that pushed the price up, because actually, a lot of coins all of a sudden were locked into this scam. There are very strong. I investigated this. I think it's actually exactly what happened. But whatever happened, the price went above the power low. We were not supposed to be there. It was a correction. But Covid then created even a stronger reset, almost like we went back where we were supposed to be, to the bottom of a power low and then basically almost like a spring and, you know, we compress it and then the bull run could start after that.
