I'm a little bit tired of all the amazing news of firms buying hundreds of millions of dollars of Bitcoin, and then the price is stagnant or declines

Can someone explain who is matching the selling pressure to drive the price downwards despite the supposed buy pressure of grayscale and hedge funds proclaiming they are absorbing hundreds of millions of dollars? Can someone give me the truth of why it hasn't soared past $12,500 based on the whales buying tens of thousands of Bitcoin, far surpassing daily mined btc?

Submitted September 22, 2020 at 02:21AM

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