I'm still SHORT TERM bearish on bitcoin:native for now.
Bitcoin is trading below $70K, and the daily chart continues to show lower highs.
The @nvidia CEO scandal and leadership uncertainty have added more pressure to an already weak market.
With investors reducing risk, I wouldn't be surprised to see BTC revisit $65K or even $60K if selling continues.
For me, $76K is the first level BTC needs to reclaim before I become more optimistic.
As for $NVDA, I still think it's a good long-term stock to consider once the market calms down.
AI demand hasn't disappeared, but I'd rather wait for leadership clarity, price stability, and the next earnings report before buying.
Sometimes protecting capital and waiting for a better entry is the smarter move.
completely agree with @ChentoTrades, it’s the same thing I’ve been posting about.
spot demand keeps stacking, but every bounce runs into heavy @binance selling that drives price into long liquidations.
that's five $1b+ liquidation days in five weeks, versus four in the entire first half of the year. hard to call that a normal market.
when spot keeps buying and price keeps getting flushed, the gap between the two usually closes at some point.
the thing to watch is what happens once volume returns and that selling stops.
In January 1980, two Texas brothers controlled 195 million ounces of silver.
On paper: more than $9.8 BILLION.
Two months later, they couldn't meet $44 million in margin calls.
Nelson Bunker and Herbert Hunt, sons of oilman H.L. Hunt.
Early 1970s: silver is about $2. They decide it's underpriced.
1979:
- IMIC: a new Bermuda company, half its votes held by two Saudis
- 123M ounces in July, 195M by New Year's
- silver: under $10 to $34.45
- their futures equal 76% of the silver in COMEX and CBOT vaults
Then the exchanges step in.
- Jan 7: retroactive limits on big longs
- Jan 17: silver hits $50.36 anyway
- Jan 21: liquidation only
- Jan 22: silver falls $10 in a day
March 27, 1980. Silver Thursday.
- $29.75 to $10.80 in 14 trading days
- the Hunts have stopped paying brokers
- trading in Bache stock is halted
The bill:
- a $1.1 BILLION bank loan to clean up
- 1988: a jury finds the Hunts conspired to corner silver
- 1988: Bunker and Herbert file for bankruptcy
- 1989: $10M fine each, banned from U.S. commodity markets
No criminal charges were ever filed.
The squeeze took months. The bill took a decade.
#Bitcoin spent most of 2026 below this band, stuck in the 60s while everyone said the cycle was over.
Now it's back, testing $73.6K to $76.6K from above. Lose it and the bears get one more run at the lows. This week is the REAL test
🇪🇺 The EU owes €15.95 trillion, 82.9% of its GDP
Italy is at 139.9%, France at 119.1%, Belgium at 110.2%, Spain at 101.4%
But somehow the plan is always one more fiscal rule nobody follows...
In 2023, after the midterms, we saw a dump in bitcoin:native, followed by an incredible bull run.
This time will be no different.
We’re about to print, but first, we have to weather the storm.
Patience.