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thedefivillain
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Thank God I didn't have an easy way to short $CRCL so I didn't even try LMAO
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thedefivillain
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I find this $VIRTUAL chart quite fascinating Massive up only runner and leader of the strongest on-chain narratives of 2024, Burj Khalifa over 3 months, and then a strong echo bubble capped at the $2 res (It obviously looks very cooked here but the last time I said this it went up 60% the next day lol... pretty sure it's really cooked this time tho)
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$BTC price action will look more and more like $SPX price action and there is nothing you can do about this We are obviously still far away from the end of this 'transition phase'
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I've noticed that newbies always try to attribute the moves in the market to "whales trying to manipulate the price in order to shake out XYZ" That's also why they like the liquidations heatmaps ("Wow we are definitely going to this price because there is a large cluster of people to liquidate there!")
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Each time $BTC goes down -10%, you should remember how quickly it pumps back up (and pray that we are not in the middle of one of these -20% dumps)
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Do you realize that ETFs and BTC treasury companies will keep buying $BTC for months ? So don't be a pussy Make sure that you will be long BTC (and not sidelined... or short) when the next leg of this kind happens
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