A thought occurred that there are a few possibilities of the lackluster btc performance lately;
1. Some OGs were actually fiat-idolators at heart (fiat-hearted) and they skipped the party when the going was good...good riddance in this case.
2. Some OGs are traders who traded btc for who knows what...same conclusion.
3. Some powerful parties are suppressing btc price until much more well capitalized bitcoin treasury companies would come online in the next 2-2.5 months.
I hope for number 3, but would be saddened if it is mostly #1..don't care much about #2.
To me, VB coin is essentially fiat right now, by almost all characteristics...well, it doesn't take one-three days to settle, lol.
"We shall persevere because we must". C.A.A. Savastano (it could be a secondary citation of someone beforehand)
My take: OG's and more recently (i mean no less than two cycles) joining buyers who were doubting that BTC would get much higher this year/cycle, who decided to sell a part of their holdings since BTC was showing some weakness lately. Everybody was waiting for bullish events (not only promising news), but since
Orange-Utan (c) made clear he would not instruct the government to buy Bitcoin to build a reserve, but just instruct to not sell actually seized and to-be-seized corn, or Powell not starting up the Brrrr (and so on) some of those holders were trying to better be safe than sorry, especially with that 2021 double-top in their mind.
So it might only be a matter of time (and events) until enough corn was sold to get them sellers relaxed enough again, because the demand is still there.
Otherwise we would have already broken lower support levels to date.
#SOMA