Bitcoin steigt auf $90.000, aber was passiert wirklich im Hintergrund?
🌊 Bitcoin Order Flow Update zur aktuellen Lage:
Futures-CVD: Über viele Stunden flach bis leicht abwärts, dann in den letzten ~30–45 Minuten stark ansteigende Steigung → Derivate lösen den Move nach oben aus (klassischer Short-Squeeze-Impuls).
Spot-CVD: Lange Zeit seitwärts/fallend, erst am Ende mit nur moderatem Aufwärtsknick → wenig frischer Kauf vom Spotmarkt, eher Mitziehen als Treiber.
Open Interest ($): Kurz vor dem Spike seitwärts, beim Schub nach oben klarer Uptick → nach der ersten Squeeze-Welle kommen neue Positionen dazu (teils späte Longs, teils Shorts, die neu absichern).
Funding: Dreht deutlich positiv und schießt beim Spike hoch → Long-Übergewicht nimmt zu; das macht den Anstieg anfällig, wenn kein Spot-Kauf nachlegt.
Liquidations: Großer grüner Spike (Short-Liquidationen) → bestätigt, dass der Start des Anstiegs durch Liquidierungen getrieben wurde.
Einordnung
Der Anstieg wurde primär von Derivaten (Short-Squeeze) losgetreten, nicht vom Spotmarkt getragen. Nachhaltig wird es erst, wenn die Steigungen beider CVDs weiter positiv bleiben und der Spot-CVD klar nachzieht. Warnsignal: stark positives Funding + OI-Uptick nach dem Spike → erhöhtes Rückschlagrisiko, falls kein zusätzlicher Spot-Kauffluss kommt. Für Follow-through achte ich auf: Spot-CVD weiter ↑, Futures-CVD nicht sofort abknickend, OI stabil/leicht fallend bei Pullbacks (Short-Covering) und Funding, das wieder abkühlt.
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Let me summarize my narrative.
We have been in a bear market since COVID. You were lied to by the government. They printed $9 trillion to fund their political machine. There is no liquidity left they have spent it all maintaining a facade of normality by owning the narrivie via main stream media. We are at the bottom of the macro cycle now. Dec 1 they officially end the selling of Fed balance Sheet assets. The government is bankcrupt. They need to create new money.
Crypto was bought up by institutions and then bubbled by speculation in the perpetual futures casino season. It broke on October 10th due to Binance greed. Nothing I have not narrated before. You knew. Most retail gamblers got liquidated. Their liquidity is now in the hands of others.
We ran down to spot floor prices. The spot hodlers and new hodlers of digital assets are the true winners. They buy at the floor. The floor rises. The extractors of the retail liquidity will now buy spot assets with it and get even more powerful.
New liquidity will arrive soon and new hodlers will front run it. Institutions who have access to debt will buy up this entire dip just like they did in 2021, 2022, 2023 and 2024.
Retail that held will win. Retail that sold will lose and buy again much higher.
Note: Everything you are told is bs. Stop listening to people that have no idea.
I have good news.
Yes, the land is moving in an illiberal direction. It’s disorderly anarcho-nationalism and anarcho-communism in America. And disturbingly ordered nationalist communism in China.
Businessmen are now randomly murdered in the USA and randomly expropriated in the PRC. All manner of hatred bursts forth every day on social media — against whites, nonwhites, men, women, the young, the old, and everyone in between. And the values of peace, trade, and win/win cooperation that built the modern world seem like they’re on the ropes.
But all is not lost.
Because the cloud is moving in the opposite direction. As the Internet is actually existing liberalism. After all, it is international capitalism. And preserves American values in the cloud even as both socialists and nationalist traduce them on American soil. Indeed, the Internet is to America as America was to Britain — the version 3.0 of global liberalism.
And the geographic center of liberalism is moving to the decentralized Internet just as it moved from London to DC. Just as we’ve already seen the torch passed from the British pound to the American dollar to the decentralized Bitcoin. But in this process the values of liberalism stay intact, and even strengthen, even as the mere geography (and demography!) changes.
Because the free Internet is an ideological zone, not a country. A proposition, not a nation, that anyone can subscribe to.
Now, the response from some at this point is usually that the Internet isn’t a place. That’s true…but Christianity isn’t a place either. Yet there are Christian places. There are churches, cathedrals, and entire countries with the cross on the flag. And also a billion Christians around the world, for whom Christian values are a major part of their identity.
Similarly, the Internet isn’t a place, but there are Internet places. There are startups, datacenters, tech conferences, and even countries where Bitcoin is the national currency. And there are now many millions of Bitcoiners around the world, for whom Bitcoin’s values are a major part of their identity. Bitcoiners are the first truly Internet-born nation, and arguably the most important, but they won’t be the last.
Those Internet nations can organize online, pool their funding, and peacefully buy pieces of territory all over the world. Thereby forming startup societies and, in the fullness of time, network states. Where liberal values are in fact valued.
So, I don’t count out liberalism. It has ascended to the cloud in a newer and stronger form. One where our rights are protected across borders (and within them) by hard code rather than soft laws.
For example: a failed state can vitiate the protections against unreasonable search and seizure, but it can’t break strong encryption. It can unbank you and denaturalize you, but it can’t strip your Bitcoin address or ENS name. And it can break Delaware’s contracts, but not smart contracts.
That means we have code that is in a deep sense stronger than unreasonable people and unjust laws. And so we can use it to reboot liberalism, from the cloud. Just like we reclaimed free speech, we can reclaim capitalism, science, media, equality, democracy, and progress itself.
Michael Saylor explains why Bitcoin is a better store of value than real estate.
• Global real estate: $380+ TRILLION
• Bitcoin: $2.3 trillion
Bitcoin is just getting warmed up