Congrats if you watched this video a few months ago, I think we were one of the first channels to spot this diminishing MVRV pattern on $BTC.
The technicals and on chain data all indicated that we were starting to form a top.
Price of #Bitcoin at the time was $111,000.
BTC is very close to clearing the final rough-patch before following Gold.
U.S. government reopen itself should start to clean up the uncertainty J Powell left the market with at the last FOMC.
He kept highlighting not having data to go off for the next series of cuts, due to the government shutdown.
Once the government has reopened → data resumes → weaker prints (jobs, inflation, growth) likely appear → rate cuts back on the table, even though they were already on the table, QT ends Dec 1st.
Markets immediately reprice for liquidity positivity after being defensive under the “no data / no clarity” regime.
BTC has been dealing with the TGA rebuild (draining market liquidity), Fed uncertainty (crushing sentiment and forward guidance), and record levels of OG wallet sell pressure — and yet remains unbreakable.
Signal for a strong reversal when risk appetite is renewed and a plethora of liquidity negative effects flip positive.
The TGA alone has been overbuilt (near $1T) — this is fresh liquidity entering the economy and banking system, directly raising reserves and market liquidity.
Price is bottoming and ranging between key support $98K and key resistance $111K.
My bet is that the speed of the reopening is within perfecting timing for price to hold $98K and burst through $111K this month which is almost halfway complete now.
Above $111K I believe we're going to follow Gold's breakout rally (lead/lag effect, BTC prone to downside deviations as usual).
Behind the scenes we've had strong big tech earnings & the U.S. / China deal. This is the final hurdle.
The DXY is still structurally weak below 100, and heading lower to unlock the next batch of global liquidity.
🚨IS A $1.1 BILLION #BITCOIN DUMP COMING?
Long-time holder Owen Gunden has officially cleared out his wallet, moving the remaining 3,549 $BTC ($361.8M), with 600 $BTC ($61M) already sent to #Kraken.
WILL HE SELL EVERYTHING?
We've read the full copy of the @Delphi_Digital report on Keeta, and broke it all down for you in the following thread 🧵
$KTA might be the most UNDER-THE-RADAR crypto project right now, read on...
Make money online
Invest in Bitcoin & HODL
Build an Online Business
Travel the world
Marry a good girl
Enjoy time with family
DONT COMPLICATE IT. ITS SIMPLE.
Today is a macro B O T T O M.
What does this mean?
We are moving from shrinking to expanding (growth) - the government has burned through the trillions printed for COVID and is bankcrupt - they have to raise the debt ceiling and issue significant trillions in new liquidity.
This does not mean we pump to the moon tomorrow. Remember how markets work. They are manipulated by the exchanges who will now fight to remove all longs and flush the option tables. But once the charades are over this current range is the new bottom of asset prices.
This is a good time to enter spot blue chip assets. DO NOT BUY GARBAGE. BUY REGULATED ASSETS WITH ADOPTION.
We are early - ask people around your IRL life about crypto they either don’t know about it or think it’s a scam.
The masses were programmed to be ignorant or skeptical by design so the institutions could accumulate stake in the primary adopted networks.
When the system is ready and regulations, laws and market structure is in place crypto will be marketed to the masses.
The result will be those that accumulated and held will own a share of the networks. Everyone else will buy much higher and have less of a share.
Being early has its risks and difficulties but if you held and continue to accumulate you will be heavily rewarded.
The biggest mistake people make is to believe all crypto is the same. This is a heavy misunderstanding and most crypto tokens have no usage, adoption or reason to exist and will trend to valueless and those that are proven, chosen by institutions and adopted by the public will get increasingly higher valuations with the network effects of adoption.
You are early and this is software on the internet. Invest in adopted and regulated networks. Avoid speculative tokens with no usage, purpose or active innovation.
Floor pricing has been established since October 10th. If you held or entered around the lows of the October 10th flush you have done well.