Soon crypto oblivion will begin
Some of you think this bear market is about to be over soon.
Boy you're in for a tough lesson. We have some fun for now.
Nth good ever comes from alts pumping hard after btc dropping in price. That’s the single most distinguishing trait of this cursed cycle.
We may very well go straight to the 50s
We’re approaching our “steady lads, deploying capital” moment.
Of course many of you have no idea what I am talking about. You claim this is worse than 2022, right?
Well, son you’re about to know exactly how ugly 2022 was.
@flyest@stacy_muur Etf flows are NOT institutional money take care mate. Roughly 25% of it represents institutional flows the rest is pure retail buying the top and selling in loss after fomoing in at the top or non tech types who don’t wanna have a wallet or deal with blockchains and cexs
They’re coming for saylor. It’s literally the easiest play in crypto and with strc he sealed his fate on a silver plate. All that is left is a mild correction in the stock market and the amount if ugliness won’t even be funny.
We have so much ptsd to cause this bear market in crypto.
@HoudiniCapital Many of the current traders are new and have never seen bear market price action before. I saw shit in 2022 I couldn’t believe could happen and I learned the painful way to accept that sometimes this shit can literally keep going down non stop
We need to cause a bit of ptsd
@crypto_iso Yet funding rates are net long and not by a small margin
Everyone is long mate dont get lost in a 5 min horizon it’s the replication of what happened the last six months to the letter
@_nym21_ Have you looked at funding rates? You guys think a couple of tweets on x = Bearishness?
Peak bearishness is when funding rates is above -0.01 on at least s couple exchanges
We don’t even have negative rates right now
Ppl literally still think worst case scenario is sweeping 60ks lol
I love how everyone thinks everyone is super bearish yet the positioning simply doesn’t reflect it at all
“Alts are holding up well against btc”
“Prepare for alt season soon”
Next thing you know the entire alt market corrects 20% in a single day and 50% in a month.
BTC.D was dropping in june 2022 dummies yet $eth reached 800$ and alts got decimated