History doesn’t repeat, but it often rhymes.
this is my thought about Bitcoin Cycle,
jika kamu menarik waktu dari bottom bearmarket sampai top nya bullmarket kamu akan menemukan angka 1071 Hari. ini sudah dari 10 tahun lalu berjalan.
you can’t denied. this is the Cycle.
What happens to $BTC when @tether print $1B USDT?
As you can see, the prints are occurring around decisive moments, swing highs/lows and just before volatility.
We’ve had two 1B prints recently, but that doesn’t necessarily mean an explosive move is coming. In fact, it could suggest the opposite.
With these mints, it’s important to pay close attention to the narrative and market structure.
During downtrends, they can indicate continuation lower, local tops or bottoms depending on market structure, or short-lived upward retracements before price resumes its decline.
Hopefully you learned something new...
They will say, “Killa won’t hold a $BTC long for 2 years.”
Hold my beer.
APR on Binance, Bybit & many other exchanges averages around 0.01% every 8H reset, which is 0.03% a day, 0.21% a week, and roughly 0.84% a month. That equates to around 10.08% funding per year, and that’s assuming funding stays at 0.03% every single day.
I remember last cycle, there were plenty of periods where funding was actually negative or sitting around 0.00%. So that metric could end up being significantly lower.
Theoretically speaking, on a 2X long position that I’ll be aiming to get a 100–120% increase on, I’m looking at a 200–240% return on my assets while paying a maximum of roughly 20% in funding over two years.
That’s a small price to pay for the potential return you’re getting.
So sure, you can think this position is irrational, and you can think the stop loss is retarded. But it’s simple mathematics. It’s the same way I positioned myself when BTC was at $123K with a 3X short position.
In the end, I was right then.
$BTC
Just an anomaly...?
FYI, it wasn't just previous cycle's FTX crash.
We have got a final "anomaly" dump in EVERY SINGLE BEAR MARKET.
You can check : 2015, 2018, 2022
It would be surprising to see this cycle play out differently + if we compare the timing of previous bear markets to our current one,
Then we still have like 50-70 days left.
Seeing all this, it's hard to say that the Bottom is already in.