Nasdaq with a textbook rejection off the 3-year trendline 🚨🚨 Each of the prior rejections led to an eventual drop all the way down to the 200-day moving average 📉📉
Criticism over Bitcoin’s price decline should be directed more at OG whales than at Saylor.
Can we really compare the 1.24M BTC that OG whales sold to Saylor and ETFs over the past two years with the 32 BTC Saylor sold?
Bitcoin is much higher today because of Saylor’s buying. The market should give him more credit.
Without his purchases, if more than 700K BTC had been sold into the market, Bitcoin could have fallen much deeper, possibly like past bear markets.
The fact that Bitcoin is not at $22K today may be partly thanks to Saylor.
The “death spiral” narrative feels overstated to me.
Of course, I am open to changing my view if there is a well-researched, data-driven analysis that proves otherwise.
SHOCKER: S&P 500 will NOT fast track SpaceX. So it will take AT LEAST a year, probably more. This is wild considering every other big boy index is 5-15 days. This could create significant return dispersion bt 'passive' indexes. Choose wisely.
LATEST: More than half of all $BTC in circulation is now held at an unrealized loss, a signal that has coincided with every major bear market bottom in history.
Bitcoin is at the same price as two years ago, but one thing is different.
The 6m–2y cohort, who joined this cycle, now holds 53% of realized cap, up from 15% two years ago. Last cycle, Bitcoin bottomed when this hit 68%.
Short-term holders are evolving into long-term holders.
Capital markets are funding the AI buildout at historic scale: ~$400B over 6 months. Bitcoin ETFs have seen ~$4B of outflows since May 14, pressuring $BTC. This is a capital rotation, not a Bitcoin impairment. Volatility creates opportunity.
BAD TIMES: Bitcoin ETFs in a big step back mode.. $4.4b out over past month which sent the YTD number negative again (it had worked hard to get positive too). That said, some silver lining: $IBIT & a few others STILL positive YTD (unreal) and total net lifetime is still +$55b (less than 10b from high water mark, not bad at all for this type of drawdown and negative sentiment, gold went down like this a few yrs after GLD debuted and 40% of the assets left, much stronger holders here so far). But yeah, to quote Henry Hill, "this is the bad times"
Welp, that happened faster than I predicted. Thought it would be end of 2027, then early 2027, but agentic traffic growing so fast that bots have now passed human traffic online for the first time in the Internet's history. https://t.co/2zX5bHdhsa
$UBER just announced that it is cutting 23% of jobs in its "People" division that includes human resources, recruitment, workplace facilities and culture - Bloomberg
At the start of the year you could say oh crypto's down so is software, it's an AI rotation... but now $IGV is up 40% since April and bitcoin:native's back at lows. Really rough look for coins
Bitcoin is rapidly approaching the 200-week moving average, otherwise known as the second-mortgage zone.
If we get a repeat of the 2022 bear market, the absolute cycle low would be $42,000, a mere -38% from here.