Very Important video from Tom Lee Today
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1. On Oct 10, the flash crash destroyed the Balance sheet of the market makers.
2. Because of this reduced liquidity, positions are "Auto De-levered (ADL), which means traders are force-closed because someone else blew up so badly that the insurance fund couldn’t cover the loss.
3. This is a "glitch" in the way leveraged perps work of CEXs. This could take another few weeks to resolve
4. In the interim, even though there is massive cash on the sidelines, it stands waiting
5. Tom Lee thinks the recovery could be even faster than the drift down.
https://t.co/dxKbVzMuST
Bitcoin realized cost price $51k and rising
2-years realized price $88k and rising
6-months realized price $104k and rising
and bitcoin $115k, monthly ath, higher than all RPs
no signs of weakness, bull market continues
The beauty of stocks is that they can provide asymmetric upside opportunities.
If you buy a stock, all you can lose is 100% if the stock goes to zero.
But if you buy the right stock, and hold it long enough, the upside could be 10x, 100x, 1,000x, or even higher.
To commemorate the inauguration of Donald J. Trump as the 47th President of the United States, $WLFI is proud to announce the following strategic purchases today:
$47,000,000 ETH
$47,000,000 wBTC
$4,700,000 Aave
$4,700,000 LINK
$4,700,000 TRX
$4,700,000 ENA
Excited for the future ahead!