Many people worry that the money from the Bitcoin ETF won't rotate to alts.
A part of it indeed won't and nor does it need to.
In the entire history of the global crypto market, a higher bitcoin has always correlated with a strong and healthy alt-run after.
EVERY SINGLE TIME.
And do you think institutions in the past have been interested or have been rotating their capital in Bitcoin to low caps or sh*t coins?
Their sole involvement has been Bitcoin and Bitcoin only.
Maybe a few exceptions in the top 10.
The ETF is the same exact scenario.
But you know what a higher Bitcoin does do?
Worldwide recognition and large media attention.
The market always correlates if the top dog is hot and trending.
It draws others to the entire market.
Retail or professional traders that have made a good amount of profit on Bitcoin? Rotation.
New retail that joins the market? Rotation.
Institutions have never been responsible for alt-seasons in the past and yet we've had astronomical gains back then.
So don't worry. There's little to stress about.
The higher Bitcoin goes, the better. Regardless where the Inflow comes from.
Nova out 🤝
#BTC
On the same subject…
I often mention that my least popular tweets are usually the most valuable.
At $19k, I posted about how my near-flawless Rogue Wave alert sounded off, which has an unbelievable hit rate and attempts to predict a lack of supply
It rec’d 19 likes
We raced straight to $31k from $19k
Remember this the next time you see a very popular tweet.
The tweet that saw a big move coming got 19 likes. The chart porn tweet that is never right gets thousands of likes.
Pay attention to what is be stated and not how many people seem to like it.
Good luck, it's a jungle out there.
Former US President, Barack Obama, calls #Bitcoin an impenetrable financial system with no back doors that the government cannot control.
SO FUCKING BULLISH 🤯
https://t.co/yt43UT9r0q
$BTC Daily
Leaning bearish here on high timeframe. Medium-term top is in imo, at least until the halving
Doesn't mean we can't bounce though, and tbh the current ltf structure is making me think we get some upside relief before a more forceful downside continuation
#Bitcoin