Good sign that premiums are alive and well
There isn’t a retail market that was offering #Bitcoin at116k. The retail price has been 114k when they purchased
So how?
Metaplanet like everyone their level buy OTC. There wasn’t enough bitcoin in the retail market to fulfill a 114k order
So the OTC desk said they have a seller, but only for 116k
Metaplanet said yes
So institutions OTC counters finally show a sign of tightness and premiums
Sellers don’t want spot price at size
Usual 4 year cycle stuff, just bigger players
Goes to show the 116k price right now, is way to low #Bitcoin actually needs to be repriced a lot higher to suit demand
And you’re right on the moment you wake up and see that
Add a government shutdown and boom you have a season of fiat moving to better places
















