$BTC
Price is dropping and going back to the lows of this range, exactly like we mentioned will happen.
We swept pdL/pwL which is at 76.7k and price is currently towards 77k,
OI is massively spiking while price is dropping, that means we are getting AGGRESSIVE short positions adding up.
Perps are still very negative but stabilizing now,
Spot CVD is making new lows meaning Spot sellers are accelerating,
So the thing to notice here is that Spot selling is getting worse.
There weren't any major liquidation yet but I am expecting a long flush soon,
+ A significant short position just built up that could lead to a squeeze later (after the flush) when any catalyst appears.
If spot keeps declining and no catalyst arrives,
Shorts will be right and we will see further downside.
If anything triggers a move up from here, it's gonna be a very volatile move due to OI spiking,
So far price is following the idea we made and if things continues like this, we will sweep 74-75k liquidity soon.
#btc Blue is now key supply. Above there we can talk about $80k+ again. Would look for longs in green demand, some clean lows resting right above it. Break below that and it's lights out.
Taking it easy the coming days tho as I'm moving this Saturday.
Let's get it!
> be Justin Sun
> spawn in China in 1990
> graduate from Peking Uni (harder to get into than Harvard), then UPenn
> found Peiwo, China’s largest live chat app with 10M users
> become Jack Ma’s golden boy protégé
> CCP: “this guy's promoting aural porn” → permaban
> at 23, join Ripple as C-Suite to lead its China business
> 2017: launch Tron with $70M ICO
> China bans ICOs hours later
> fuck it flee to US, get accused of plagiarizing Tron’s whitepaper
> hatersmad.exe
> 2018: acquire the largest piracy software, BitTorrent and slap a token on it (BTT)
> 2019: drop $4.57M for Warren Buffett charity lunch
> 2021: gain diplomatic immunity from US DOJ by becoming Ambassador of Grenada to the WTO
> “Your username is now: ‘His Excellency’”
> 2023: sued by SEC for wash-trading and celebrity shill
> stake $500M in ETH, becoming largest individual staker on the planet
> 2024: self-anoint as “Prime Minister” of fake country ‘Liberland’
> spend $6.2M on banana duct-taped to wall just to eat it onstage
> 2025: SEC drops case after Trump’s inauguration
> ape $20M into $TRUMP, #1 holder, private dinner with Trump in 2025
> yolo $75M into $WLFI, Trump’s DeFi project
> hit a clean 10x on $WLFI, up $700M day-one (??)
> pay $28m to go to space on Bezos’ Blue Origin rocketship
> now 50% of all USDT supply on Tron
> gigasend TRX to #8 largest crypto at $30B market cap
> career arc reads like shitpost but it's just insane lore
Well, it's not meaningless. Germany had 220k homeless in 2022, now over 500k, which is a significant increase in a pretty short time. If your solution is to rely on emergency housing, your rate of building needs to be pretty rapid to keep up -- at some point not feasible. The same rate of change says 1m homeless by 2028, is there sufficient emergency accomodation for another 500k homeless?
The rate of homelessness is important (worse in Germany than US) and the rate of unsheltered homeless is important too (much worse in US than Germany).
In awe of this technical writer who was probably told Americans only understand things in terms of hamburgers but did not himself know what a hamburger is.