and if it does, it just V reversals anyways to new ath's
thats the way the markets work
people are always screaming that the end is near every day of the year, for decades and proven right for a month or so every few years just to see prices higher 2 months later
We are still making higher highs and higher lows, overall this is a strong uptrend on anything from 3D and up. Imo worst case scenario for the trend to continue we see mid 90's as the next HL. That's IF we lose around 101-102k area. Which is the current support
I don't really think you can compare this currently to 2021 bc the situation isn't the same at all, we were going into a period then of QT after a period of extreme excess. The competition currently for btc is only growing, and I'm quite certain the demand is greater than the daily mined btc from all data points. So demand > supply over any period of time
I think the biggest enemy of people is their own patience, I too make these mistakes time to time
Watching this take place, is basically how I've seen almost every leverage trader blow up over time. Well this one is a bit different. But the gist is that you get into a position, a losing one and you are never willing to let it go.
Eventually the market turns against you and you just keep adding collateral to this position until one day, you're entire account is gone
In this case he went from $0 on this account pnl to $88m to negative 14m (after continually selling other spot assets in his accounts to add collateral)
This was a bit different bc $BTC price really never changed. It's been in like a 2% range and this guy just kept trading poorly getting chopped to 0. He was super $loud on the timeline and yapped a lot which probably brought a lot of attention he didn't need. It's best to trade large positions quitely
He's still alive though. If I was him, I'd just take the L and live to see another day. take a step back and start over vs starting from 0
2017-2018 was S tier alt cycle These were some of the most insane times. Change website? 200% gain lmao
2020-2021 was A tier, could be S. That covid stimmy with the lockdowns. Nobody had anything else to do, all while 40% of all money was created in that window leading to this wild alt season
They were comparable in their own ways but I think the 17-18 cycle was a lot more fun.
I'd only be concerned for $BTC if we lost this and started to close under the prev ath closes and range highs. Absolute worst case imo would be mid 90's. For now we are trading above. So bias should be continuation
Even then, I dont think there's enough supply to stay down for long at the rate it's being GOBBLED up
ETF's have that gluck gluck 3000 going and are sucking supply dry, absolutely milking it and same with Saylor
I'd only be concerned for $BTC if we lost this and started to close under the prev ath closes and range highs. Absolute worst case imo would be mid 90's. For now we are trading above. So bias should be continuation
Even then, I dont think there's enough supply to stay down for long at the rate it's being GOBBLED up
ETF's have that gluck gluck 3000 going and same with Saylor
And there's still 51% set aside for the community. It's likely that season 3 will be announced soon and has likely already begun in the background
If you aren't at least trying things on it, you are likely missing out, and for some of you it could even be life changing
I've been working a lot with @sershokunin lately on trading spot their myself (since thats what I focus on) and wish I'd done it sooner.
But its likely that you will get points for just participating in every action, the EVM, Spot, perps etc. It doesnt cost anything to try it out at the very least