Samson Mow, CEO of Jan3 and an advocate of valuing Bitcoin (BTC) at $1 million has issued a stark warning to the community: current market dynamics don't appear natural at all. Mow has noted that recent price action for BTC, trading within an unlikely tight range between approximately $92,400 and $106,500 despite significant institutional capital being invested, "just doesn't look natural at all".

Mow believes his observation supports an hypothesis of price suppression within the Bitcoin community. His message to its members was simple and direct: "Everyone wants their Bitcoin," which signified an ongoing bidding war over limited supply between buyers and sellers that may be masking true demand for the asset.
<h2>Institutional Inflows Versus Muted Prices</h2>
The current market situation presents an intriguing paradox: institutional buyers such as Spot BTC ETF operators and corporate accumulators like MicroStrategy are continuously buying up large quantities of Bitcoin (BTC). According to Mow, over two months preceding October 2024 alone an estimated 1.1 million BTC worth around $110 billion were taken up.

Mow suggests that due to this rapid and continuous accumulation from both institutional and retail buyers, prices have failed to break out decisively. He hypothesizes that since both segments are contributing, then some major entity or group must be exerting selling pressure in order to keep prices within their range-bound limits.
<h2>Structural Sellers and an Emerging Supply Shock</h2>
Even though structural selling at entities going through bankruptcy and restructuring (like FTX) is mostly over, some pressure remains. Mow noted that ongoing repayment processes at FTX due to Bitcoin's lower price since November 2022 could be contributing to further selling as creditors seek to realize gains they've realized since.

Mow remains optimistic in his long-term outlook, foreseeing an eventual supply and demand shock that will push Bitcoin past $100,000 and beyond. With ETFs now being issued, traditional finance capital that could support massive institutional adoption over 10-20 years no longer requires backlogged exchanges to operate properly; currently, however, the market seems content with absorbing this initial surge, keeping its price movements artificial.
<h2>Samson Mow Issues Bitcoin Warning to Institutional Clients</h2>
Samson Mow, CEO of Jan3 and an advocate of valuing Bitcoin at $1 Million has issued an alarm to the community, suggesting that current market dynamics do not appear natural. Mow says recent price action between $92,400 and $106,500 does not look organic to him and "doesn't seem natural at all".

Mow has observed this behavior, leading him to suggest some form of price suppression is at play in the Bitcoin community. His key message for all cryptocurrency enthusiasts: "Everyone wants your Bitcoin," signifying an intense battle for scarce supply between buyers and sellers that may mask true demand for assets such as this cryptocurrency.
<h2>Institutional Inflows Versus Stagnant Price</h2>
The current market situation presents an intriguing conundrum. Institutional buyers, especially Spot BTC ETF operators and major corporate accumulators like MicroStrategy, have been buying massive quantities of BTC. According to Mow, around $110 billion-worth worth was taken up within just two months leading up to October 2024 alone!

Mow notes that despite rapid and continuous accumulation by both institutional and retail buyers, prices have failed to break decisively. He suggests that since both segments are amassing wealth at similar speeds, then an entity or group must be exerting selling pressure that keeps prices within their range.
<h2>Role of Structural Sellers and Future Supply Shock</h2>
Although the period of structural selling from entities under bankruptcy and restructuring (such as FTX) has subsided significantly, some pressure remains. Mow noted that ongoing repayment processes at FTX due to Bitcoin's lower price since November 2022 could be contributing to continued selling as creditors seek to capitalize on their gains by taking advantage of any available profits in this way.

Samson Mow Issues Bitcoin Warning: Institutional Demand Reduced Due to Selling Pressure

Bitcoin advocate Samson Mow says BTC's range-bound price is "manufactured" as institutional demand is being absorbed. He warns "everyone wants your Bitcoin."

Samson Mow Issues Bitcoin Warning: Institutional Demand Reduced Due to Selling Pressure

Top Picks