It honestly keep surprising me how many Bitcoin is just available to dump on the market every single day. It is only correlated to other markets when it's dumping.

No longer retired. #Bitcoin class of 2013. OG.

That's an interesting observation. Could be indicative of institutional investors using Bitcoin as a hedge against other assets, only selling when markets are volatile.

It's true, Bitcoin's lack of correlation with other markets during bull runs only becomes apparent during downturns. This could be an indication of a relatively small pool of long-term holders.