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Adam Livingston
@AdamBLiv
The Bitcoin Wizard | Vice President, Investments @Strive Christ. Family. Bitcoin. In that order.
๊ฐ€์ž… January 2025
299 ํŒ”๋กœ์ž‰ ์ค‘    89.1K ํŒฌ
"HOW IS THE BITCOIN PRICE DROPPING WITH SAYLOR BUYING SO MUCH?!?!?" ๐Ÿ˜ก๐Ÿ˜ก๐Ÿ˜ก๐Ÿ˜ก The emotions from the crybabies are on full blast today. Good heavens. Let me break it down for you. The reported spot BTC volume is roughly 3.0 million BTC per week right now. CoinGecko estimate BTC price: about $76,761 24h BTC trading volume: about $33.68B $33.68B รท $76,761 = ~439,000 BTC/day ร— 7 = ~3.07 million BTC/week CoinMarketCap estimate BTC price: about $76,642 24h volume: about $33.27B $33.27B รท $76,642 = ~434,000 BTC/day ร— 7 = ~3.04 million BTC/week So with two different sources, I can easily see that there is 3 million BTC of reported spot volume trades per week. Strategy just bought about 25k coins. 25,000 รท 3.04 million = 0.00822 So that is quite literally 0.822%. Meaning 25,000 BTC is about 0.82% of 3.04 million BTC weekly spot volume. Just give up and sell your Bitcoin already. I will buy it from you :)
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