Sia accumulation in progress?
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Its just an observation and I'm not saying it is necessarily true, but I see large accumulation happening on Sia. At current prices, there's about 7 btc worth of Sia generated by miners and probably a lot more than that dumped daily imo.
Other than the miners, I think its the whales that are keeping the price artificially low. I believe there are maybe about 5 big whales on this and they are competing to accumulate, so the price has tested the 20 sat average really well in the last few days. I suspect they are well aware of the February roadmap and may just be waiting for it to happen to unleash the pump by discontinuing artificial price suppression. Considering we are at about 40% the valuation of Storj (in terms of marketcap) with greater usability, we should see the real prices by end of February. Although there are whales involved, it would not be profitable to hold the market lower for too long.
What do you think?
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I agree that some big amounts of BTC block the way to higher then 21 sat. Both sides are kinda blocked and im also interested what happens in the next days / weeks / month.
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yeah probably it has some correlation to some incoming important progress announcements..
anything new there?