minhvu @minhvu_crypto - Twitter Profile

I’m going to be so obnoxious above $100k per $btc Unfollow me now if you can’t handle celebratory bull posts cos they will not end. When I make $100m I’m going to giveaway $100k to 10 people. But you gotta have been along for the ride Bookmark this. Screenshot. Whatever.

108

851

60

275

103K

minhvu_crypto retweeted

MrParaBULLic @iLiquidatebots

over 2 years ago

Check my trades from early last cycle you see my avg size was like $1-3m per trade + leverage. I also seed invested. My PF peaked at over $38m bt i lost heaps👇 My goal this cycle is $100m+ and I will 100% give away $100k each to 10 peeps if I hit. https://t.co/VvJQeiLcAv

61

341

15

13

111K

minhvu_crypto retweeted

TechDev

@TechDev_52

over 2 years ago

Still waiting on the halving? The ~3.5 year liquidity cycle has been running before #Bitcoin existed.

114

2K

435

437

397K

minhvu_crypto retweeted

PLRL by Verasity @verasitytech

over 2 years ago

In a major milestone for Proof of View, #Verasity has secured patent approval from the European Patent Office 🇪🇺! One of the most important advertising markets worldwide, digital advertising adds €526 billion to the EU economy each year according to the IAB🤯 @Vera_Views can now market #PoV across #Europe with full patent protection, building on our European events and industry links!🔗 Find the documentation here: https://t.co/BQEEZJHhEj

verasitytech's tweet photo. In a major milestone for Proof of View, #Verasity has secured patent approval from the European Patent Office 🇪🇺!

One of the most important advertising markets worldwide, digital advertising adds €526 billion to the EU economy each year according to the IAB🤯

@Vera_Views can now market #PoV across #Europe with full patent protection, building on our European events and industry links!🔗

Find the documentation here: https://t.co/BQEEZJHhEj

184

2K

792

24

445K

minhvu_crypto retweeted

CrediBULL Crypto

@CredibleCrypto

over 2 years ago

If I had to sum up my argument for why we won't see 20k or below in a single chart- with the most straight-forward logic I can think of- it would be the one below. Now follow along and really understand what is being said here- the context is important to understand the logic presented with the chart at the end of this post. I've already shown in prior posts how aggregate OI has played a significant role in local tops/bottoms over the last 12+ months- and logically, it makes sense why: Long term spot holders continue to be net buyers of BTC, with the total amount of $BTC being HODL'd at all time highs and climbing. These holders aren't very susceptible to price swings- they tend to accumulate in all market conditions at these prices- even adding to their stacks through the FTX collapse. Meanwhile, most of the volatility on BTC over the last year has been driven by levered players and their liquidations- we know this because every significant top and bottom on $BTC over the last 12+ months has been marked by a significant top/bottom on OI (which is a measure of the number of leveraged contracts open in the market at any given time) and liquidations. Why is this the case? Well if spot holders are net buyers and not susceptible to sell their stacks during volatile price swings, then the ONLY way to get significant moves to the downside is via forced selling/liquidations of levered contracts, and the POTENTIAL for forced selling/liquidations can be measured by how high or low aggregate OI. The HIGHER OI is, the more opportunity/potential there is for a large flush to the downside (because there are more "liquidation-susceptible" leveraged contracts open) and the LOWER OI is, the more difficult it will be to force price to the downside (because there are less "liquidation-susceptible" leveraged contracts open). So why is seeing 20k or below on $BTC here so improbable? If we take the below chart and look at the data we have we can see that aggregate OI at around 6B has proved to be a historical bottom (which has been steadfor the last 12+ months (marked by peak fear/panic at FTX collpase bottom) and around 11B has been a local top. Our last major flush that we had in August wiped out nearly 3B in OI (from 11B down to under 8B) but still failed to break our last major low at 24.8k. We now trade at nearly the same price as when that flush triggered, however, aggregate OI is now down from nearly 11B at the time of our flush in August to only 8.5B at this time. Meaning we are now in the same spot we were before the flush to 25k BUT there are now ~50% LESS liquidation-prone levered positions in the system vs what there was in August. Even betting on a break of 24.8k is betting against the odds- as you would be looking for a move down of greater magnitude than the flush in August with HALF as much ammo (liquidation susceptible leveraged positions) available to cause that flush. To then call for prices of 20k and lower makes absolutely no sense to me- and I don't see any logical argument based on the data we have to support a claim like that. For this to happen you would need either: 1. Unprecedented spot selling- the likes of which we haven't seen in years- by a category of holders that are least susceptible to fluctuations in price. 2. Enough liquidations to fuel a break of the 6B OI level which has marked our bottom for over 12+ months including during peak fear/panic during the FTX collapse that marked our last major bottom at 15k. As usual, I'm always open for a respectful discussion with those that may challenge these views with logic, facts, and data of their own. So if you know some that are calling for 20k and below, tag them in the post below, as I'd love to see some hard data that supports the idea of a move back below these levels (lines pointing down don't count) to challenge my own ideas. That's all for now folks, if you found this interesting please like/share/comment below!

CredibleCrypto's tweet photo. If I had to sum up my argument for why we won't see 20k or below in a single chart- with the most straight-forward logic I can think of- it would be the one below.

Now follow along and really understand what is being said here- the context is important to understand the logic presented with the chart at the end of this post.

I've already shown in prior posts how aggregate OI has played a significant role in local tops/bottoms over the last 12+ months- and logically, it makes sense why:

Long term spot holders continue to be net buyers of BTC, with the total amount of $BTC being HODL'd at all time highs and climbing. These holders aren't very susceptible to price swings- they tend to accumulate in all market conditions at these prices- even adding to their stacks through the FTX collapse.

Meanwhile, most of the volatility on BTC over the last year has been driven by levered players and their liquidations- we know this because every significant top and bottom on $BTC over the last 12+ months has been marked by a significant top/bottom on OI (which is a measure of the number of leveraged contracts open in the market at any given time) and liquidations.

Why is this the case? Well if spot holders are net buyers and not susceptible to sell their stacks during volatile price swings, then the ONLY way to get significant moves to the downside is via forced selling/liquidations of levered contracts, and the POTENTIAL for forced selling/liquidations can be measured by how high or low aggregate OI.

The HIGHER OI is, the more opportunity/potential there is for a large flush to the downside (because there are more "liquidation-susceptible" leveraged contracts open) and the LOWER OI is, the more difficult it will be to force price to the downside (because there are less "liquidation-susceptible" leveraged contracts open).

So why is seeing 20k or below on $BTC here so improbable?

If we take the below chart and look at the data we have we can see that aggregate OI at around 6B has proved to be a historical bottom (which has been steadfor the last 12+ months (marked by peak fear/panic at FTX collpase bottom) and around 11B has been a local top.

Our last major flush that we had in August wiped out nearly 3B in OI (from 11B down to under 8B) but still failed to break our last major low at 24.8k.

We now trade at nearly the same price as when that flush triggered, however, aggregate OI is now down from nearly 11B at the time of our flush in August to only 8.5B at this time.

Meaning we are now in the same spot we were before the flush to 25k BUT there are now ~50% LESS liquidation-prone levered positions in the system vs what there was in August.

Even betting on a break of 24.8k is betting against the odds- as you would be looking for a move down of greater magnitude than the flush in August with HALF as much ammo (liquidation susceptible leveraged positions) available to cause that flush.

To then call for prices of 20k and lower makes absolutely no sense to me- and I don't see any logical argument based on the data we have to support a claim like that. For this to happen you would need either:

1. Unprecedented spot selling- the likes of which we haven't seen in years- by a category of holders that are least susceptible to fluctuations in price.

2. Enough liquidations to fuel a break of the 6B OI level which has marked our bottom for over 12+ months including during peak fear/panic during the FTX collapse that marked our last major bottom at 15k.

As usual, I'm always open for a respectful discussion with those that may challenge these views with logic, facts, and data of their own. So if you know some that are calling for 20k and below, tag them in the post below, as I'd love to see some hard data that supports the idea of a move back below these levels (lines pointing down don't count) to challenge my own ideas.

That's all for now folks, if you found this interesting please like/share/comment below!

105

712

106

133

286K

minhvu_crypto retweeted

PLRL by Verasity @verasitytech

almost 3 years ago

Following $VRA's 10 billion Warchest Burn, we've put together an entire deep-dive into #Verasity's tokenomics and next steps here👇 https://t.co/7oWLTP487d This is one of the biggest community-led success stories in #crypto, & we invite everyone to discover our path forward!🔥

124

2K

547

28

204K

minhvu @minhvu_crypto

almost 3 years ago

#BTC https://t.co/4Xe3bZ3ZaR

0

1

0

32

minhvu @minhvu_crypto

almost 3 years ago

SPX & Fed Fund Rate https://t.co/9cmtgABESs

0

1

0

21

minhvu @minhvu_crypto

almost 3 years ago

@thegioicrypto19 https://t.co/yIyVG0KEGI

0

1

minhvu

@minhvu_crypto

Who to follow

Last Seen Users on Sotwe

Trends for you

Most Popular Users