Thanks for sharing this data, mate. Very informative and easy to dissect.
There's constant, and steadily growing demand, that's for sure. We're seeing more institutional instruments for BTC, and we're also seeing more adoption; e.g. growing BTC transactions on Square's app, IRA retirement funds for BTC, more BTC support on mainstream digital banking apps, among other things. So, I do believe there is a chance for this scenario to play out, albeit probably we won't see such high prices so quickly.
That said, recent trading volumes have been meek, as BTC's been trading sideways with a hint of bearish sentiment for the time being. Do you think people are just hodling their BTCs until halving-2020?
It's very possible. I know a lot of people are actually. It will be interesting to see what happens if/when things stop performing as expecting compared wit past trends. Do they HODL or bail?
That's true. Depending on how the prices move, they could still hodl. Yet, if prices prove to be less than savoury, we could see a dump post-halving. Let's hope the latter doesn't happen.