AMD cycle explained: institutions break large orders into smaller portions over time.

Well, I want you to go back to something we talked about much earlier in this series, which was institutional level buying and selling. How does it occur? You can't just go and buy $100 million a Bitcoin at the market without drastically affecting price, right? If you just say, I'm going to buy $100 million right now and you just start tee-wapping in, price is going to go higher and higher and higher. And you're going to get a really bad fill because you're going to cause price to push up. So how do big players get into the market? How do you buy $100 million Bitcoin? Well, you break it up over time. And really, what that is, this process of accumulating large size, really what it is, is it's AMD, right? So in order to accumulate a ton of Bitcoin, you need to draw in and induce sellers.