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Volume is extremely low right now, and I know why.
For the past couple of days I’ve been posting about the same pattern. Since the hack, Binance futures kept pushing price into liquidation zones while spot buyers quietly absorbed it. Then the pressure slowed. Then it came back. Same exchange, same pattern, same liquidation clusters getting hit again and again.
Now the market has gone quiet. Most market makers are sitting on the sidelines, and the little flow left is still dominated by Binance, with spot buying and futures selling at the same time.
Put it all together and it looks a lot like Binance has used the market to win back what it lost in the hack.
Push price down with futures. Liquidate the longs. Let panic do the rest. Buy the coins people are forced to dump on spot, cheaper. Repeat until the job is done.
And now that volume has dried up, it feels like the job might be close to finished.
I can’t prove it. But I’ve watched this flow every day since the hack, and it hasn’t looked like a normal market once.
When the pressure fully lifts and the other market makers come back, spot will show where price wanted to go all along.
Bitcoin is very close to my bottom target of 68k.
Being this close tells me it is very likely revisiting that price with a wick.
But I dont know.
The higher low could also be in.
Because I truly believe we are painting the higher low in this very moment and month.
Good buy
I said to my friend many months ago.
Bitcoin likely just going to chop between 70-80 for a very long time
Nothing will happen until halving comes close.
This will likely be true.
Until the FED print☝️
JUST IN: $2.2 Trillion BNY Mellon just disclosed it has increased its stake in #Bitcoin treasury company Strive $ASST by 39%, bringing its total holdings to 257,718 shares ($5.78 million).
The oldest U.S. bank increasing BTC exposure through treasury companies. 👀🔥
JUST IN: $7.8 trillion Fidelity just disclosed it bought 2.35 million more shares ($51 million) of #Bitcoin treasury company Strive $ASST.
It now holds a total of 12.24 million shares ($265.3 million).
23% stake increase by the world's 3rd-largest asset manager. 🔥🚀
@BTCoptioneer Would I buy more if 14% . No.
Would buy less the higher they had to go actually.
It works as the laffercurve. At a certain percent, risk only becomes greater holding the instrument.
@BTCoptioneer Look at real rates.
Bitcoin needs falling, zero or negative real rates.
We are not in that environment and hasnt been for 5 yrs.
Hence why Bitcoin is lagging all that time
@BTCoptioneer Look at real rates.
Bitcoin needs falling, zero or negative real rates.
We are not in that environment and hasnt been for 5 yrs.
Hence why Bitcoin is lagging all that time