It's that part of the cycle. The midterm year.
Bitget processes a $150m+ single BTC short liquidation in the past 45 days on a short squeeze. (likely an exchange bot or the direct exchange themselves because who the fuck uses Bitget lmao.)
Not even 60 days later, my " a random 3rd party exchange blows up" thesis happens, they're getting drained. $180m+
Not only that, 48hrs ago -30,000 BTC Long OI unwound, Bitmex goes offline finally, Saylor is still not trading at PAR (Has $5B in Cash yet can't get STRC there. MNAV compression incoming in a few weeks?)
(And OI shoulda been thru the tits at the cycle low if that was it. Not just a short unwind. Because now SPOT must carry follow thru or longs must reload.)
Right as the Fed hikes into re-inflation acceleration (go see rate hikes at index ATHs / Inflation ready to breakout).
Right as private credit begins to really struggle.
Only a few more days until October!
Low Orbit Ion Cannon Mode.
@BigTrout300 thank you . exactly how I feel but I just see bullish tweets everywhere . On top of that if this was really a breakout should we already be testing it again ? BIG TROUT MODE
inflation data tomorrow , think it comes hot . Good spot to be full hedged into it . Think if it does come hot you get bad 2\3 weeks and the resume up only
$pons prob on the last stage of the parabolic run , i'm pretty sure loracle has cash to add and holding because you want to sell into his liq is just retarded