From the perspective of #BTC going all-in on the spot market for three to five hundred thousand, think about the problem.

The seemingly 20% difference between 66K -60k-54k is almost negligible in front of the 188k end point.
It’s like you buy an apartment for $1 million, I buy it for $1.1 million, and he buys it for $1.2 million.
In the end, they’re all sold for $3 million—the difference is only 3%.