It just occurred to me that @$456, assuming miners are on average selling all their coins, the market has to absorb $1.6 million in sales just to stay at the same price. You gotta wonder how long bulls can keep that up, considering we're going to run out of room in blocks in the next couple of months at this rate.
Are you completely obvlious to the fact that we were above that price for a year, even in a bearmarket?
No, I suspect it was a major part of the reason we were in a bear market, actually are still in a bear market at less than 50% of the ATH.