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WhalePanda-1
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$2.5 billion Bitcoin treasury announcement from Trump can't even really move this market.
That's 5 weeks of Microstrategy buys.
#BTCย
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WhalePanda-1
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This was the lowest Bitcoin daily close in almost a month. Have been calling this bullshit for a while now. People love to call me an idiot but I have just been pointing out how none of this makes sense with the many billions supposedly being bought and taken off the market. And on top of that stocks still going up. Looking at it historically it feels like we'll have a long sideways market until September/October. "Muh OTC market", "billions don't matter in a trillion dollar market" etc just shows you don't know how markets work.
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Spent a nice day at Warner Bros with the kids. Check the price and Bitcoin still looks like it's going under $100k. Can't catch a bid yet companies are buying billions? ๐ค Very odd indeed.
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Today: S&P: +0.25% Nasdaq: +0.25% Gold: +0.01% Bitcoin: -0.5% This week: S&P: +1.3% Nasdaq: +2.2% Gold: +1.94% Bitcoin: -0.7% Last week: S&P: +1.88% Nasdaq: +0.6% Gold: -2.05% Bitcoin: -3.07% Bitcoin had a rough 2 weeks, almost as if it was all negative news no? Paper BTC? ๐
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Imagine if there were actually only 21 million BTC in circulation. The price would be at least at $250k right now.
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Classic: BTC underperforming stocks and massively underperforming gold.
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