Cronus

#Bitcoin. Titan. Not financial/investment advice. #MiningMafia

[Cronus @BTCCronus]

Roses are Red
Violets are Blue
#Bitcoin to a million.
Few.

[Mike Alfred @mikealfred]

A lot of investors don’t understand this yet but if SPCX is really worth $200 (and I’m not sure that it is), then it would imply that CIFR should be worth at least $125-150 right now. Give it time. Markets always figure out these puzzles in time.

[Mike Alfred @mikealfred]

I have purchased an additional 280,000 shares of BKKT via my affiliated entity Alpine Fox LP. Alpine Fox LP now holds 905,000 shares in total and has become the 4th largest institutional shareholder in the company. See SEC Form 4 filing here: https://t.co/ADd32fLoVX

[muneeb.btc @muneeb]

Crypto is entering a consolidation phase.

In the dotcom era, the markets simultaneously (a) overpriced the losers and (b) underpriced the eventual winners.

The winners and the market size turned out to be way bigger than we imagined.

Top crypto projects with sufficient cash and runway to dominate their respective verticals will sweep the upcoming market.

[The Wolf Of All Streets @scottmelker]

This is why I believe in Bitcoin.

I am sure you feel it too…

[The Wolf Of All Streets @scottmelker]

$BTC WEEKLY

We have potential bullish divergence coming out of oversold RSI. Need this week to close with a clear elbow up on price and RSI.

If this happens, we have the second confirmed bullish divergence ever on the weekly chart - the first was FTX.

This is only the 4th time it has hit oversold on the weekly chart.

[Mike Alfred @mikealfred]

The move from $16,000 to $126,000 to $60,000 was not a full cycle move. It was just a re-basing before the actual bull run. The actual bull run will take us from $60,000 to at least the $315,000 area. It will correspond with an actual economic and business cycle. Newbs will see.

[Cronus @BTCCronus]

@EricBalchunas Fits with the bitcoin IPO concept lately. OG’s selling away to new holders. Process takes time. Saylor has been a huge benefit for the space.

[Mike Alfred @mikealfred]

I’ve tried to explain this before but I think it probably went over most people’s heads. Let me try again and see if it sticks this time. The only time you really need to be worried is when they STOP doing this on Fridays. Until then, every dip is buyable.

[The Wolf Of All Streets @scottmelker]

I will relentlessly bull post the lows. And buy them.

[The Wolf Of All Streets @scottmelker]

More than half of all $BTC in circulation is now held at an unrealized loss.

10.5M BTC are underwater. Only 9.8M are in profit.

This crossover has coincided with every major bear market bottom in history.

BTC also just touched its 200-week moving average at $61,300, a level reached in every previous bear market cycle, though it broke below it for 9 months in 2022.

If $60k breaks, the next support is $54,000, the average cost basis of every coin in circulation.

History says we're near a bottom. History also says "near" can take a while.

[Jurrien Timmer @TimmerFidelity]

What drives the bull? 🧵

[Mike Alfred @mikealfred]

This Bitcoin and crypto selloff is clearly a bit overdone at this point. Shorts are pressing their bets with leverage which is always a good sign because it makes the reversals more violent. Some crypto equities look like they don’t want to go much lower. I think we bounce soon.

[Jeff Park @dgt10011]

I don’t think Bitcoin is selling off because of MSTR

I think it’s being tapped to fund the market’s upcoming hot ball of money trades: SpaceX, Anthropic, whatever else everyone suddenly “has to own”

This means in the future, the correlation breakdown will itself become the fuel

[Michael Saylor @saylor]

Capital markets are funding the AI buildout at historic scale: ~$400B over 6 months. Bitcoin ETFs have seen ~$4B of outflows since May 14, pressuring $BTC. This is a capital rotation, not a Bitcoin impairment. Volatility creates opportunity.

[The Wolf Of All Streets @scottmelker]

https://t.co/uzQ0DGx3BV

[Michael Saylor @saylor]

₿ack to Work

[Cronus @BTCCronus]

@EricBalchunas Saylor inoculating the market to show the market everything is ok if a little is sold once in a while. Longer term game for credit rating perhaps as well. This minuscule sale just for posturing going forward and a bit of a much needed bandaid rip.

[Mike Alfred @mikealfred]

Interesting commentary on CIFR from Cantor Fitzgerald today

[Sean ₿uckley @seancbuckley]

I have purchased an additional 10,000 shares of $BKKT at an average price of $10.00.

$BKKT is one of the few names sitting directly at the intersection of Bitcoin custody, tokenization, stablecoins and institutional infrastructure.

And it’s still sub 500M market cap heading into CLARITY. This is the sweet spot of real asymmetric upside.

[Mike Alfred @mikealfred]

I have purchased 585,000 shares in BKKT via Alpine Fox LP. I joined the BKKT board 8 months ago with the firm belief that we could build something great. We have cleaned up the cap structure, balance sheet, and board, added stablecoin capabilities, and now it's time to accelerate