Hey Nik, one question about realized price: Not saying it is the case now (as I also definitely think the latest increase is coming from ETFs moving their holdings into cold storage) but is it not possible that increased selling mentality would also raise realized price? If I move dormant coins to an exchange in order to sell that would also drive up realized price wouldn't it?

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of course, in fact late stage bull market behavior can be seen when dormant coins finally sell to noobs who buy the top

we will keep our eye on both sides of this

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