Newcomers to btc still dont understand market cap and orders of magnitude.
A small portion of equities will rotate back into btc as metrics show extreme undervaluation relative to other asset classes. It really doesn't take much to get to $200k.
@Orbit_Breaker My post is mainly pointing out the insane amount of short leverage skew, which is actually more aggressive than the Feb 5 skew. There is extremely high probability of mean reversion, just may take some time.
There are specific moments in time when you look back and wish you had bought more bitcoin.
Now being in my fourth cycle and equipped with the experience of running a high performing fund, I am certain this is one of those small windows where such an opportunity is presented.
@ThinkingUSD@fundstrat Literally all Fundstrat has to do is short eth, twap out of their position and twap into hype. They would end the year net green.
This week is a liquidity grab, but there is an extreme amount of late shorts piling in here. Often liquidity sweeps signal a reversal to take out the late positions.
From a technical perspective, the recent bear flag just hit its technical target, and price has extended to the very bottom of ATR targets. Typically these play out with 75% probability of reversal.
18 months ago, I talked to a top ranking member at Coinbase and asked about Hyperliquid. The response I got, "oh yeah I've heard about hyperledger."
This confirmed the asymmetry. While Coinbase was focused on grifting junkcoins, they were missing the equivalent of Bitcoin in 2011.