Average 21k ?

[JackMorgan]

Claims that the average holder owns BTC at 21k sound like horseshit to me

How are they getting this number. Are they including whales in from < 10000

I bet the average RETAIL owner is in at a lot higher than 21k.

 

[longandshort]

what's the basis for your hypothesis? do you really have insight here or are you just guessing?

 

[nooby_mcnoob]

I'd say closer to 10K

 

[JackMorgan]

I'd say closer to 10KView attachment 285597

you truly are a noob

 

[nooby_mcnoob]

you truly are a noob

You're correct that the retailers have a higher average than the whales. But the retailers aren't going to move the market. The big guys are, and they bought before the pump.

 

[JackMorgan]

your chart looks wrong anyhow. no way volume dropped off like that on the spike to 69k

lol

try a sanity check

 

[zdreg]

But the retailers aren't going to move the market.

The retailers move the market on lack of liquidity as the whales hold on to their low cost position. It is similar to spikes in IPOs on the first day of trading or a collapse in housing prices. There is a high or low created by one etc, buyer or seller but most transactions occur by whales away from that price.

 

[JackMorgan]

how funny is it that he would believe that volume pattern ?

 

[nooby_mcnoob]

your chart looks wrong anyhow. no way volume dropped off like that on the spike to 69k

lol

try a sanity check

yeah depends on the exchange/pair you use. Unfortunately there is no "Bitcoin index" that aggregates everything well enough.

But still, it has definitely dropped off.

 

[JackMorgan]

There are better aggregations .

I dont think the 'average' hodler is in at 20k , many more got involved at higher prices