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Kosta Ouzas explains Bitcoin's 30% drop as behavioral selling rather than a structural shift. Long-time holders may have sold at what they saw as the end of a cycle, following a Power Law pattern with minimal oscillations.
Kosta Ouzas explains Bitcoin's 30% drop as behavioral selling rather than a structural shift. Long-time holders may have sold at what they saw as the end of a cycle, following a Power Law pattern with minimal oscillations.
As you can see from the chart, in the last several months, we simply moved along the Power Law with very small oscillation. So I'm not sure that the cycle component maybe, you know, some people thought that, okay, this is usually the end of a cycle. And so maybe they, some of the OGs, you know, some of the old and long time holders started to sell because of that. Because usually it is what they do when there is the end of a cycle.
