HODL'ERS SELLING BITCOIN. LIQUIDATIONS & PRICE DROPS. WE GOT LUCKY.

The podcast discusses the recent Bitcoin price drop, attributing it to long-term holders selling their coins while institutional investors absorb the selling pressure. The speaker examines data showing increased ETF inflows and liquidations, while also highlighting positive indicators like rising investor interest and the potential for future price increases, particularly in Dogecoin.

MicroStrategy Bitcoin Purchases

• 00:00:36 MicroStrategy spent \$5.4B on 55,000 Bitcoin at an average price of \$97,222 between Nov 18th and 24th, even as Bitcoin was at all-time highs. Despite this, their stock price fell 24% in the last five days, illustrating the volatility of the market and suggesting not all investors adhere to 'HODL' principles.

Long-Term Holder Selling

• 00:03:14 Glassnode data reveals that long-term Bitcoin holders (6 months - 1 year) have been increasingly selling, contributing to recent price drops. While this selling pressure has been absorbed by institutions, it is a reminder that not all Bitcoin investors are long-term holders, leading to price fluctuations.

ETF Inflows & Liquidations

• 00:04:14 The podcast discusses the impact of increasing ETF inflows into Bitcoin, along with the resulting liquidations. The speaker analyzes supply and demand, illustrating that despite institutional buying, liquidations are still occurring due to the selling of long-term holders, impacting the overall market.

Dogecoin's Potential

• 00:12:07 The speaker expresses a positive outlook on Dogecoin, noting its recent surge in popularity and Google Trends interest, even surpassing Bitcoin in some metrics. He highlights that Dogecoin's potential is due in part to public ignorance and a reliance on mainstream media attention, making it a potential pump and dump candidate.

Black Friday Bitcoin Prices

• 00:14:14 Contrary to a circulating belief that Black Friday always sees a significant Bitcoin price drop, the speaker refutes this, presenting data from past Black Fridays and showing that the price fluctuations have been mixed and not necessarily negative. He suggests that a major drop is unlikely to occur this year either.