@cz_binance@cz_binance
it right to drain all the water from the swimming pool to search for people who are not wearing swimsuits? Is it right to give time to wear a swimsuit as a warning?
To reduce further cascading negative effects of FTX, Binance is forming an industry recovery fund, to help projects who are otherwise strong, but in a liquidity crisis. More details to come soon. In the meantime, please contact Binance Labs if you think you qualify. 1/2
@100trillionUSD@evandroagnes It can reach a price higher than 69k before the 2024 halving. However, it will be the same challenge as the rise in 2019 after confirming the bottom in 2018~2019.
@100trillionUSD Bitcoin may be part of the history of money.
We are running part of that history together.
Thank you for joining us in the long marathon!
Way to go!
Right now we are seeing significant hodler buying (green circle) of the same strength as the Luna Foundation BTC dump (red circle).
It looks to me like some unknown institution(s) are buying significant amounts of spot BTC right now.
The last #Bitcoin accumulation phase was in mid-2020, lasting for 6 months.
As of May 2022, for me, it's pretty obvious that $BTC is in an accumulation phase. Institutions that drove the 2021 bull-run bought in this $25-30k range too.
Why not buy? Serious question.
Dec 2021 I was still hoping for a 2nd leg of the bull market. But in Q1 2022 it became clear that this bitcoin bull market was over. We entered a bear market since Apr 2021 peak (yes ATH was Nov 2021). Now we are creating a bottom. Then a new bull market will start. BTC cycles.
#Bitcoin Intermarket Analysis
#BTC and stock market ($SPX, #SPX) hand in hand. Commodities and 30-year U.S. Treasury bonds at crisis levels. Strong hands are buying now💯💯💯
BTC liquid supply shock cliffed.
Supply shock is the ratio of coins held by holders vs non-holders.
Roughly 84k BTC moved away from hodlers, a big contributor was 43.5k BTC moving out of the Luna Foundation wallet.
The West Is Still Buying Russian Oil.
The use of the destination unknown label is a sign that the oil is being taken to larger ships at sea and unloaded.
Numerous countries have established ways of avoiding the US dictating sanction policy for the world.
@willywoo On-chain is history.
On-chain analysts are historians.
Much information is concentrated on those in power.
This is especially true of finance.
For an unmanipulated blockchain,
it is very important to share the right information with the public.
Margin also leads the market to a bubble.
In the opposite case, it leads to the Dark Ages.
Stock market margins are now shrinking.
However, it is still high.