1158: CRYPTO ANALYST WARNS OF $2,330,341,000 ELEPHANT IN THE ROOM FOR BITCOIN - HERE’S WHAT IT MEANS!!

Bitcoin News Alerts | Daily BTC News

Justin Verrengia

Investing, Education, News, Business, Tech News

3.6 • 626 Ratings

🗓️ 9 January 2023

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

A widely followed crypto analyst is warning of an elephant in the room that could trigger another sell-off event for king crypto Bitcoin (BTC). In a new strategy session, Nicholas Merten, the host of DataDash, tells his 512,000 YouTube subscribers that dormant sell-side pressure from the Mt. Gox debacle may rear its head and cause another leg down for the top crypto asset by market cap. “There is a question we need to ask, as to whether or not the Mt. Gox trust is going to [cause the price of BTC to dip], or more specifically, what’s more relevant is whether or not the long-awaited unloading of this Bitcoin back to its original holders is going to happen due to pressure from those holders to be able to finally get access to that Bitcoin. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:22.2	Indeed.com slash SPANUK. Terms and conditions apply. And the crypto market is pumping like a mofo.
0:31.8	You got to love it. In today's show, Bitcoin price hits at three-week high as we cracked back above $17,000. I'll be breaking
0:39.0	down the latest technical analysis. In breaking news, finances bleeding assets with $12 billion
0:44.4	gone in less than 60 days. Also in today's show, Logan Paul backflips on defamation lawsuit
0:50.2	against Coffee Zilla and apologizes. That's right. I'll be breaking down this latest drama and saga as it continues. Also in today's show, the digital currency group is under investigation by U.S. authorities. According to this latest report, that's right, the authorities are reportedly investigating internal transfers from the digital currency group to its subsidiary. Genesis. Also in today's show, the Department of
1:11.8	Justice officially sees over $456 million worth the Robin Hood shares tied to FTX founder, scam.
1:19.2	Bankman freed. Also in today's show, Ethereum Base Altcoin witnesses its largest spike in
1:24.4	well activity in a year and a half. I'll be breaking down this latest
1:27.6	insight report from Santiment. Also in today's show, analysts who warns of $2.3 billion elephant
1:34.2	in the room for Bitcoin breaks down what it means. That's right. Wiley followed crypto analysts
1:39.6	is warning of an elephant in the room that can trigger yet another massive sell-off event
1:43.7	for the King Crypto. We'll massive sell-off event for the King
1:44.4	Crypto will also be taken a look at the overall crypto market, all this, plus so much more
1:49.7	in today's show.
1:56.9	Hey, what's good, Crypto fam?
1:58.8	This is first and foremost a video show. So if you want the full
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