@ResearchQuantum Beautiful post, many times the more you go forward and the more you forget about the basics, regardless of the fact that having very solid foundations gives you the right potential to make exponential improvements at much more speed. So, many times it is worth repeating them
$BTC is like a clock, sooner or later it always reaches the next hour, it follows a very precise and outlined power law and as long as there is corruption and manipulation from a financial point of view, rest assured that $BTC will not cease to exist. Don’t go full macro, NEVER go full macro, you have to know how to read the numbers and understand what they say. This will not be the last phase of accumulation that we will see over the spart of this year
I don’t understand the reason for this concern, the panorama is very clear, we knew that this would be a difficult cycle, but we also know the direction and the final goal of $BTC, it’s a matter of time, the stock market won’t collapse because I don’t want to make it collapse, the FED will be forced to print because otherwise everything here crashes worse than the 2008 crisis. And anyway if $BTC were to go down further smart people would buy
@thomas_fahrer Surely it is a maneuver to buy even more, Blackrock has already announced that Bitcoin is an asset that will become the largest in the world within the next few years, as already said by Saylor
Yes and no, in the end what will make the price of Bitcoin grow exponentially will not be the traders who buy, too little liquidity enters in this case, a greater stimulus is needed like the FED that begins to print or the TGA that is emptied as it will happen shortly because the maximum ceiling of American public debt has been reached and by law it must be reduced, the facts are already up to 800 billion dollars of the TGA ready to be downloaded in the market staggered in several months (liquidity injection)
Absolutely not, this drop was predictable, liquidity attracts the price and there were too many long open positions on 76k, there were also the open interests of the CME that had to be covered, the sentiment was low, the traders sold out of fear because the FED did not print and the TGA was not falling than expected And in addition people have not yet understood that the correlation between M2 and Bitcoin is not instantaneous but it takes several weeks not by chance a bell model has been developed. This is my motivation if there is someone against it I am willing to talk about it
@JA_Maartun@cryptoquant_com Typical useless bearish post that does not take into account a thousand other factors such as M2, open interest, FED, season, the big ones who continue to buy, power law and many other factors
Should the second point be the other way around? The short positions of the market presuppose an accumulation of liquidity higher than the price at which the position was opened because in those positions the stop-loss are put, it is simply going down due to the liquidations of the long positions and for the huge open interest opentu that is equivalent to about 680 million dollars
@alphaextract_ It’s obvious that I’m talking about the first graph and not the descent because the second being an oscillator, if I had to put it on a logarithmic scale you wouldn’t understand the rate of change
@tombxbt Bitcoin follows global liquidity M2, look at global liquidity and you will understand where we are going. Open interests don’t matter, look at the long term and not in the short
All the liquidations of the open long positions are simply taking place as a result of Trump’s twit and the euphoria of the guy who opened a position with a 50x leverage (insader trading). But it will go down much more as most of the stop loss are about 76k, at this point the short-term holders will panic selling everything here, the states will buy billions of dollars and from this moment on the rally will begin. GL has created a new ATH if I’m not mistaken, and we know that the correlation between GL and Bitcoin is about 1 week or 2 weeks, time to time and if you want to get rich then buy by applying the DCA until the end of March if you have the chance