82% of Bitcoin is in cold storage - the dollar price is being negotiated with no supply/demand dynamics just manipulation via unregulated derivatives.
Centralized crypto exchanges are beyond corrupt. Nobody is selling the asset except the exchange to themselves through wash trading.
People until Clarity Act passes and exchanges are regulated Bitcoin will never store value. Understand this. The dollar price is too easily manipulated to hunt leverage traders. Once Clarity has passed, been enforced and spreads together with Mica in the EU around the world, weeding out the CEX cartel, Bitcoin will be volatile.
But then everything changes and the asset class starts to have supply and demand based price discovery.
Your job is to maximize your token holdings through the pre Clarity era. Its a blessing, not a curse.
No red lines will survive stop trying degenerates - first sign of insanity repeating failed attempts.
The exchange bots 🤖 will hunt you no matter what the narratives.
CZ says EU is "cutting their users off from the best liquidity in the world" by not issuing Binance a MiCA license.
Right. We not idiots. There is a reason Mica and the EU are banning Binance and they will be banned everywhere.
People barely any crypto is moving in fact 74% Bitcoin has not moved in 4 years. This is just dollar price manipulation on a single centralized exchange using paper Bitcoin emmitting the price into the oracle complex with 80% price dominance. All other exchanges simply arbitrage to the dominant price even though only a tiny bit of crypto is actually being traded.
Here are the only large txs in the lst 6 hours. Its all fugazzi to liquidate longs and scare you out.
Now understand there is ZERO regulation against this. ZERO policing. ZERO consequences until Clarity (July) and MiCa (July 1).
Once again:
Bull market - liquidate shorts sell longs.
Bear market - liquidate longs sell shorts.
If you are trying to long with leverage at the bottom you will be capitulated until you stop.
If you are trying to short with leverage at the top you will be capitulated until you stop.
10/10 was run by Binance to turn the regime to bear.
When Binance are ready they will do the same the other direction and liquidate $19b in shorts.
They wont allow leverage longs going into a super cycle, it will bankcrupt the exchange.
Thats how the crypto market works until its regulated.
The assumption that dollar price represents the asset in a entirely separate closed loop is neive. The dollar pricing is a derivative on a unregulated exchange complex. The asset is on the blockchain completely divorced from the centralized order books. Learn before making dumb statements.
This is true for gold as well. The dollar price of gold is in centralized order books however they are regulated.
Until crypto exchanges are regulated against wash trading the price is insignificant and is manipulated to sweep leverage traders.
People the exchange complex cannot hold open leverage longs they have to be swept (called a bear market) - there are no consequences to wash trading - leverage longs would bankrupt exchanges when crypto reprices - this is how it works. High leverage longs will be capitulated. 10/10 was an example of Binance Oracle manipulation and they can easily lower valuations using their centralized systems.
The asset the exchanges pricing represents has never been stronger. The exchanges are not selling the asset, they sell a derivative of the asset and have full control over its pricing.
This will change but not until regulated and several layers of jurisdictional enforcement take place.
I’ll continue to narrate this as we slowly see the artificial volatility wane as markets become regulated and policing begins across the globe.
🚨 UPDATE: Reports that Zcash stopped producing blocks for 4+ hours appear to be false.
Mert Mumtaz says affected explorers were connected to a bad node and that the network is fully functional.
Remember - most crypto is held in self custody. Binance control the prices using the assets on their exchange with simple wash trading. They can manipulate the price of any crypto with just a small supply. Why? Because its legal and they have price dominance in the Oracle networks and indexes which give them the highest weighting.
⚠️ AMARAN BERITA PALSU
Kementerian Kewangan ingin menegaskan bahawa poster yang tular mengenai “Bayaran Insentif Awal Kajian Sistem Saraan Perkhidmatan Awam (SSPA)” adalah TIDAK BENAR dan bukan dikeluarkan oleh pihak berkuasa yang sah.
Why do you think $ETH $SOL $XRP and every Binance listed asset chart follows $BTC like a mirror?
Because Binance control the prices - you think humans are correlating the assets independantly. You have been gaslit into a fantasy world.
Why do you think $HYPE doesnt follow $BTC? Because Binance didnt ICO it and dont have a HYPE Perp contract to manipulate.
Biggest misconception in crypto last years is that a token chart that goes to zero is "insiders" or a "scam". NO. Everyone that bought looking for quick profit sold.
Retail sell. Thats what they do. Right to zero.
The blame game is real in crypto. The reality is when retail see red candles, they sell. All the way to zero. They had no intention of investing. They not investors.
Why would you invest in a MEME coin with no use at all? You gambling. You came in for quick returns and leave fast like musical chairs.
The investors are those that took the time to understand the technology. To find the true unicorns. The killer apps. The great teams. And invest in them for the long haul to realization.
Now obviously this is a savage unregulated industry. Some great teams and amazing technologies get confused for a MEME, get abused by a market maker or exchange or just dont make it.
Your job is to determine the good technology, the killer apps, the tokens that represent strategic infrastructure and invest and hold.
Someone has to say the hard part out loud.
People - if you build a product and make a token for it you are asking for trouble. Why? Because 99% of crypto buyers and sellers are gamblers. They dont care what the tech is, what the use case is, what it is, they just want short term money gains. They will buy or long it to sieze hype gains, or sell short it when the hype fades.
The fatal mistake early projects make is making some kind of phase 1 yield for staking program. The degens will simply stake for yield, but then the second the program ends they will unstake and dump it all. They dont care. They are not investors. Majority of retail are gamblers. They feast on hype and green candles, with zero care, concern or knowledge of what the token represents.
1% of holders are investors. They have a good understanding of the technology and the use case for profit and monetary premium. They are the ones that realize the true gains over time. Recently institutions got involved. They actually take the time to understand the technology. They buy and hold to support the project and dont dump on any downside. They accumulate on downside.
Institutions and the 1% of retail investors will realize the gains. The rest will get liquidated, over trade to zero, buy nonsense and sell the bottom at a loss and complain constantly. Thats the way it is.
You need to look in the mirror and determine who you are. Im sure a lot of this makes sense to all of you.
People Im a commentator. I get signal and alpha from all over the world sent to me. I post what I think is important to make smart decisions. Sometimes the signal is noise, sometimes the signal is clear. You are adults, you can make your own decisions, but I know Im as close to the front of "crypto relevant news" as humanly possible for one guy on the internet. I try my best to feed the important information as fast as I get it. I hope it helps.
Im def not a prophet or a fortune teller. If you want one of those seek elsewhere.
Yes of course I have opinion and will always try to prephase with "IMO" so its clear.
We have only started this journey. We are all early. We are def in this together and we all share in the success of the grand thesis that this is significant technology.
The hydraulic pin holding the tower arm in place did not retract.
If that can be fixed tonight, there will be another launch attempt tomorrow at 5:30 CT.
This is already known. I did a full autopsy right after it happened its all on chain.
Jane Street using an Alameda wallet moved $192m $UST right at the time the $UST liquidity pool was being transitioned. They would have needed insider info to know the exact time of the transition yes. Celsius also did a transfer at the same time ($100m). Those two created the $UST liquidity hole knowing it would auto trigger $LUNA mints and hyper deflation which they shorted.
Its all in my highlights from the time. Insane it takes this long to come out.
https://t.co/zAoRdPq6Km
If you’ve been wondering about investing in STRC and/or SATA as an individual, I wrote all about the new class of Digital Credit in this morning’s Informationist.
Super easy to understand and today’s issue is free to everyone. Enjoy!
https://t.co/rGYAuON896
People - the spot buyers of Bitcoin since the $58-$68k accumulation zone are not paper handed retail they are diamond handed institutions and long term investors.
Retail are sellers and gamblers. They sold, waited for lower lows following bad influencers and got trapped out and got liquidated short just like they got liquidated long.
Sellers dont deserve the corn.
Gamblers dont deserve the corn.
The sheep don’t deserve the corn.
The Hodlers and warriors win again🏆
Perhaps they will learn this time? Everything changes. You have to adapt to the market in front of you. The past is irrelevant and charts are just renderings of historic prices, not blueprints for the future.