Fuck it, I think equities bottom out at -36% from ATH’s. Only if we see China like quarantine for a prolonged period of time (2/3 months). If I get this right @realDonaldTrump needs to suck a fart out my ass after duck night $SPY #WinnerWinnerChickenDinner
Apparently the futures-trading #bitcoin bears are pretty convinced that this second leg up was one too many
Looks like the short-squeeze opportunity is still in play 👀
@willywoo@glassnode Yeah retail are buying because they are unaware of the GBTC long short spot trade that’s available right now… until GBTC discount makes a bottom we won’t see any upside as shorts will suppress price
@mikealfred Hmmmm, no real hardline data to support this. Some possible evidence but not 100%. Reviewing glassnode you can see we had a period of high volume around Dec / Jan and part of Feb… we’re still seeing those buyers being shaken out to long term holders.