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$GME "We love the token!" - Under 1M market cap!
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Roughly 900 BTC are made every day. * 20-30% of those mined go to known US miners like CLSK or MARA. * 20% ROW mining farms like Antfarm takes around * Then the final 50% is farmed by random groups / private individuals or corporates or governments no one really knows. --- So my best guess is on a daily basis around 50% gets stored and 50% gets liquid (hits exchanges, changes hand). This varies dramatically depending what time we are in the cycle so right now almost all miners are not selling any of their product they are waiting. It doesn't all immediately flow into the market or ETFs. I am also fairly sure a lot of the miners are doing OTC trades with ETF owners in order to keep their btc off the market prices. The other big piece to look at is BTC on public exchanges. If you want to sell any BTC for fiat 90% of the time it needs to hit the exchange. Looking at their inflows and outflow changes is the first indicator of a dump. Halving happens, all these numbers half. This creates a liquidity crunch where old coins must move in order to keep normal demand satisfied, hence price increases.
It depends if he's from the US. ROW still need to onboard with fiat and "buy USDC" to do advanced trading... that's about 1%.
Try winning a mega-millions lottery 12 times IN A ROW.
Over 150 US banks on the edge. Not sure about the ROW, but this isn't going to end well if the FED raises rates again. Time to hodl crypto and cash.