66% supply has not moved, BTC holding strong as everything else slowly sinks

2/3 of supply isnt selling / majority in hands of long term holders

bottom seems formed so long as LTH just dont sell from here

LTH are stacking, adoption and institutional adoption increasing

IMO if this continues and bitcoin holds and stocks continue to fall through end of year, 2023 will be a big pump year into EOY sell off before halving

LTH dont seem to need to sell bitcoin to endure recession

Just HODL and stack

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Edit: Fed pivot early next year. the next event is what happens in winter with europe/germany and what happens with ukraine NATO accession/russia annexes and possible WW3 unless both sides accept their gains and enter peace talks

bitcoin floats 19k-22k til end of year demand eats up 18k almost instantly and plenty of sideline cash/investors ready to enter from 10k-18k, S&P falls to 3k-3200(maybe lower depending on how bad things deflate/fall apart)

IMO nothing even war or nukes will alter price much at all so long as LTH dont sell as we are the bottom and everyone else has already sold out / will sell out from more events but wont have an impact.