Bitcoin is crashing.
Wondering why?
The cash & carry trade that’s been suppressing BTC’s price is now unwinding.
Here’s how it worked—and why its collapse is sending shockwaves through the market. 🧵👇
4/ Why is this happening?
Because hedge funds don’t care about Bitcoin.
They weren’t betting on BTC mooning. They were farming low-risk yield.
Now that the trade is dead, they’re pulling liquidity—leaving the market in free fall.
After Trump’s win, $BTC setting new highs, $ETH is finally moving,
And Everyone on CT is calling for a massive bull market ahead but what should we really expect?
A thread on my take on what Trump’s term could mean for crypto markets & how high prices might go:🧵👇
MUST READ!
10/
➔ 1) Clarity around altcoins:
Right now, every crypto except BTC is a security from the SEC perspective
This has caused billions of dollars of investors wealth lost and has also pushed crypto adoption away from the US
Once Trump takes office, I'm expecting clarity around these
7/
This can clearly be seen from the stablecoin supply held on exchanges
Despite BTC at a new ATH, only 21% of stablecoin supply is on exchanges (compared to 50% in 2021)
This shows that the market participants will aggressively short every major move only to get rekt which will lead to even higher prices
IMO, BTC pump to $85K-$90K will be one of the most hated rallies.
🚨 MUSK: “The next fight of Starship is ready to fly. We are waiting on regulatory approval 🤦♂️. It shouldn’t be possible to build a giant rocket faster than the paper can move from one desk to another.” 😂 💀
JUST IN: 🇺🇸 CNBC reports that the crypto industry has raised almost half of ALL corporate money raised for the 2024 presidential election.
"They're outspending big oil and banks and so far, where the crypto cash is going, wins have followed.”
JUST IN: 🇺🇸 Warren Buffett sold another $981 MILLION shares of Bank of America.
‼️Buffett now holds $278 Billion in CASH and selling stocks like never before, including Apple.
He's getting ready for a crash...