#forecast 041.2 : #update, in search of a bottom
Dear subscribers,
Another quick update letter as more data flows in…
No signs of HODLers capitulating
The weakness in HODLer demand (green line in chart below) is showing the first signs of abating. So far there’s no signs of a large sell-off in the order that would instigate a larger crash as seen in May earlier this year. Speculative demand from “swing t…