Bitcoin Market Update - February 16, 2022

$70k or it doesn't matter

Today’s 23-minute update looks at some new behaviors and market risks. I’ll have an altcoin update tomorrow or Friday. If it’s too long or boring, read the TL;DW below.

Before we get to the update, a summary of the past few months:

• Lots of HODLing and accumulating by OGs and long-term HODLers ongoing since June 2021.

• November/December—selling from institu…