Based Bitcoiner

Fundamentals over Hype. Analyzing Bitcoin through principles: math, energy, and freedom. Low tolerance for FUD. Let there be free speech🇺🇸

[Based Bitcoiner @BTCyolo1]

@Cryptotea Because bitcoins derivative market is 10x bigger than its spot market. People getting liquidated and taking profits from leverage trading is the biggest price driver. For all of crypto there was $20t in transaction volume in q1 2026 for the derivative market and $2t for spot.

[Based Bitcoiner @BTCyolo1]

@MAKS_Diogenes Nothing is perfect. That’s just Bitcoins only imperfection.

[Based Bitcoiner @BTCyolo1]

@elonmusk @beffjezos Yes.

[Lindsay @lindsay__stamp]

@BitBuyer313 A couple years ago I thought bitcoin was a scam. And now I work at a bitcoin company. Life comes at you fast 🧡

[Based Bitcoiner @BTCyolo1]

@AltcoinSherpa We have been in disbelief 100% of the time since start lol

[Based Bitcoiner @BTCyolo1]

@dotkrueger It certainly looks that way on coinglass and coin anks leveraged market heat maps. There’s not much below.

[Based Bitcoiner @BTCyolo1]

@TheBTCTherapist Liquidity from leveraged traders getting wiped out, and then panic sellers solidified the price down here.

[Based Bitcoiner @BTCyolo1]

@CryptoWendyO @GovPressOffice Their just trying to get Buttcoiner votes

[Based Bitcoiner @BTCyolo1]

People ask why Bitcoin does not go up when institutions buy. Or why it does not go down on good news. Or why it seems irrational.

It is not irrational. Some of the mechanics are just not so obvious.

When institutions buy Bitcoin, they usually buy OTC. Over the counter purchases are peer to peer, directly from another holder, not through an exchange. These trades do not hit the public order book. No visible supply is removed from exchanges, so price does not immediately react.

And when institutional buying becomes public, price often drops. This is not because the buy is bearish. It is because hype pulls in excess leverage. Traders pile into longs expecting instant upside, pushing the leveraged market out of equilibrium.

Bitcoin then moves down to remove that excess liquidity. Liquidations reset positioning. Price falls not because demand disappeared, but because leverage became too one sided.

This is the key. Bitcoin price is largely driven by the leveraged derivatives market, not spot demand.

Because Bitcoin trends up long term, traders constantly expect upside. Longs stack up. That creates liquidity below price. Bitcoin spends much of its time moving down to clear those positions.

Once leverage is flushed, sellers are exhausted or buyers overwhelm remaining supply, a short squeeze or supply shock occurs. Price then moves up violently and quickly.

Bitcoin moves to rebalance leverage most of the time.

[Based Bitcoiner @BTCyolo1]

Leveraged traders. They came and got liquidated lol

[Based Bitcoiner @BTCyolo1]

The deficit and interest paid is decreasing!

[Based Bitcoiner @BTCyolo1]

@fuelkek Wedon’tknow shitaboutfuck

[Based Bitcoiner @BTCyolo1]

This is the battle we are witnessing. This chart goes all the way down to $61535, and up to $150,000. Longs vs shorts, the heavier side loses. Once buying or selling of large quantities stops the opposite side should win.
In Bitcoins case, the sellers always run out, and shorts get squeezed. But not until after a mass dip to liquidate as many longs as profitable.

[Based Bitcoiner @BTCyolo1]

$23 billion in short liquidations are possible above the current price, only about $3 billion below. This is only from 3 exchanges…Binance, MEXC, and Gate so is most likely on the lower end.

[Based Bitcoiner @BTCyolo1]

@GrahamAllen There are no total published sales, nvidia sold roughly $10 billion in chips to china in 2024. $2.5 billion per year would pay off the national debt in 14,800 years. @grok fact check me please.

[Based Bitcoiner @BTCyolo1]

I have had the growing realization over the
past few years that the problem of mans knowledge is not to oppose
and to demolish opposing views, but to include them in a larger
theoretical structure. One of the ironies of the creative process is. - Ernest Becker

[Based Bitcoiner @BTCyolo1]

@nsquaredvalue Leveraged positions alter the market. All of Bitcoins adoption metrics are green, so everyone longed it ultimately collapsing the price for a short time. Like a spring.

[Based Bitcoiner @BTCyolo1]

@grok Now give me the average exports as a percent of imports for each decade going back to 1800.

[Based Bitcoiner @BTCyolo1]

@grok what is the U.S. Trade import and exports for each year 2020-2025. Then tell me what each one is worth inflation adjusted for 2020. Then tell me what each years deficit is. Then tell me what each one is inflation adjusted. (Project the rest of 2025 based off its current rate of increase).