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The Gug Letter

If Everyone's Buying Bitcoin, Why Isn't the Price Going Up?

Not going to find this info on an open mouth thumbnail youtube vid

Joe Guglielmucci's avatar
Joe Guglielmucci
Jan 21, 2026
∙ Paid

The institutional buying is real. The supply squeeze is real. So why has Bitcoin’s price “dropped” from $126,000 to ~$90,000?

DATA

Removing all trash signals, here is what the data says: …

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