Two weeks ago I asked myself the question why BTC was not going up more despite all the new inflows. Who was selling? I think it& #39;s clear now what the answer is. https://twitter.com/marcvanderchijs/status/1316574076153090048">https://twitter.com/marcvande...

Like some people suggested in the replies to that tweet, traders and whales were keeping the price low because they had derivative positions. That worked for a while until too much money started flowing in and the price broke out.

It is similar to what @100trillionUSD once told me when we discussed the impact of futures on the BTC price. He compared it to holding a ball under water. You can only do it for so long, then all of a sudden you can& #39;t hold it anymore and you will have to let it go. He was right.

So many new accounts are created now and so much institutional money is already flowing in that it will be harder and harder for bears to keep the price from moving up. At the same time the number of BTC on exchanges is actually going down, meaning that more people are HODLing it

My conclusion is that this price rally is just getting started. Not many people are selling anymore while demand for Bitcoin is only going up. FOMO has not even started yet. Based on what I am hearing from traders and the data I analyze I am extremely bullish. #Bitcoin https://abs.twimg.com/hashflags... draggable="false" alt="">