$BTC is currently a tradfi asset + event driven
Whenever you see stocks bleed, algos are heavy spot seller's dream
Personally waiting for one more 80k sweep, reclaim and long towards post-FOMC rally
FOMC is the last "notable" event this month, would only expect all the short-hedges to inevitably unwind
Trade safe gents
$HOPPY is almost at zero. Down over 90% since the tweet so I hope some of you listened and took profit.
95% of all meme coins wont survive 2025. People have become restless and the “diamond handing” meta is gone.
Convictions and morals down since Trump stepped in.
I’m thinking: we had a full retrace because ETF buyers saw Eric tweet about retail front running tradfi.
As an ETF buyer why would you invest knowing someone else had a head start?
All the traders who bought prior to NYO expected CB bids to follow. Which after realising it didn’t , sold out of positions. Leading to the cascade.
What I’m thinking now is, they run it back today/tomorrow. After all it is a game of psychology