There is still a significant supply overhang ahead of us in Q4.<br><br>• US Gov. Silk Road <a href="https://twitter.com/hashtag/bitcoin">#bitcoin</a><br>• Mt. Gox $BTC<br>• FTX~$500m of major caps<br>• Many alts hitting their mid supply curve $DYDX, $APT etc.<br><br>Given demand has dried up, this excess supply could have a considerable effect.
There is still a significant supply overhang ahead of us in Q4.

• US Gov. Silk Road #bitcoin
• Mt. Gox $BTC
• FTX~$500m of major caps
• Many alts hitting their mid supply curve $DYDX, $APT etc.

Given demand has dried up, this excess supply could have a considerable effect.