Give up your altcoins Even hype will not outperform it BIT | SalsaTekila on Binance Square

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Give up your altcoins
Even hype will not outperform it
BITCOIN

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That concludes out episode of Sunday shenanigans. Crazy whale eats slippage sandwiches both ways on 10k BTC long, then short. Loses on both end, market just eats it with minimal short term impact. I got no read from here on. Probably depends on macro.

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I don't buy that the guy is a smart player hedging anywhere. In fact I think he is peak degenerate. Taking the public massive short, then adding shorts on binance, trying to push price in his favor. Someone shorted 3K BTC on binance just now 😂

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Forget seasonality for your own good. It's outdated, tied to past cycles. BTC is now spot-driven, with no leveraged cycles. We will never see quarterly futures at a 30% premium again. Small bursts of degeneracy occur in derivatives, but that's it.

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Bro begging to give it all back. Closes long with big slippage and flips short. Show him what BTC is best at.

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JamesWynn closed a 11K BTC long. Bitcoin dipped $1K as a result. I would’ve expected a much deeper dip. The impact shows that there are a lot of buys to absorb large sales. Higher… BTC

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