This is phenomenal 😂 How does Bitcoin, of all things, end up dropping on news about the resignation of a CEO following a cheating scandal involving some Asian girl? What’s the connection here?)))
I’m increasingly getting the impression that news is manufactured to justify price movements. Seriously.
Just like the absurd situation where an asset that’s supposedly designed to protect against inflation drops in response to inflation data.)))
We’re living in some kind of sitcom.
Sure, Bitcoin will eventually go up again, but let’s be honest: it’s become the biggest and most ingenious scam project in history. Or at least, that’s what it has turned into.
And of course, it would be great if all the money from this AI bubble started flowing into the already-deflated inflatable mattress that is the crypto market, which is desperately trying to stay afloat. 😂
I’m increasingly getting the impression that news is manufactured to justify price movements. Seriously.
Just like the absurd situation where an asset that’s supposedly designed to protect against inflation drops in response to inflation data.)))
We’re living in some kind of sitcom.
Sure, Bitcoin will eventually go up again, but let’s be honest: it’s become the biggest and most ingenious scam project in history. Or at least, that’s what it has turned into.
And of course, it would be great if all the money from this AI bubble started flowing into the already-deflated inflatable mattress that is the crypto market, which is desperately trying to stay afloat. 😂
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Abraxas is gradually closing its short positions, while Wintermute is opening long positions on BTC.
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Now all that’s left is to wait for top analysts — and perhaps CryptoQuant and CZ, as usual — to start announcing that we’ve reached some kind of critical level and that Bitcoin has once again entered a short-term bear trend. 😂
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These could just be random thoughts, but I wouldn’t be surprised if the market sell-off comes to an end on the 13th. We’ll probably move sideways over the weekend, then start pushing higher on Sunday night into Monday. And when NVDA reports earnings sometime after the 17th–18th, it’ll be like a wave of Harry Potter’s magic wand — all short positions will get liquidated.
Everything priced in
Everything priced in
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I actually said something like this back in 2022.
Imagine this: we’re sitting here monitoring the market, losing money on altcoins. Everything has been going down for the second year in a row. There’s nothing but negativity surrounding the market, uncertainty, fear, and stress.
And right at that moment, someone randomly comes across a crypto-related news article, a meme, or just a nice-looking picture for the first time.
They throw in, let’s say, $5,000, randomly spread it across a bunch of altcoins, and by the end of the year they’re up 100–300% on their initial investment. Everything starts bouncing, the market takes off.
Then things get even better. They invest more, and by spring 2027, they’ve already made at least a 10x without knowing anything about technical analysis or even what those tokens actually do.
And that’s how the idea gets hardwired into their brain: yeah, yeah, crypto really is that easy!!
And the irony is that some of these people won’t just make $50K. Some will make a million, two million, three million. Just randomly, simply because they happened to be in the right place at the right time.
Meanwhile, we are, those who have been through the last two years will still be desperately trying to break even.
Irony at its finest.😅
Imagine this: we’re sitting here monitoring the market, losing money on altcoins. Everything has been going down for the second year in a row. There’s nothing but negativity surrounding the market, uncertainty, fear, and stress.
And right at that moment, someone randomly comes across a crypto-related news article, a meme, or just a nice-looking picture for the first time.
They throw in, let’s say, $5,000, randomly spread it across a bunch of altcoins, and by the end of the year they’re up 100–300% on their initial investment. Everything starts bouncing, the market takes off.
Then things get even better. They invest more, and by spring 2027, they’ve already made at least a 10x without knowing anything about technical analysis or even what those tokens actually do.
And that’s how the idea gets hardwired into their brain: yeah, yeah, crypto really is that easy!!
And the irony is that some of these people won’t just make $50K. Some will make a million, two million, three million. Just randomly, simply because they happened to be in the right place at the right time.
Meanwhile, we are, those who have been through the last two years will still be desperately trying to break even.
Irony at its finest.
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My favorite topic: fundamentals. 😂
How is a team working on a project supposed to sustain itself? Where is the money supposed to come from to cover operating expenses and salaries?
I guess selling their own project tokens is the answer. I can’t think of any other explanation.
Polkadot’s revenue over the last 7 days is less than $2.
We’re living in a surreal world.
How is a team working on a project supposed to sustain itself? Where is the money supposed to come from to cover operating expenses and salaries?
I guess selling their own project tokens is the answer. I can’t think of any other explanation.
Polkadot’s revenue over the last 7 days is less than $2.
We’re living in a surreal world.
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Can someone explain how Bitcoin handled the Binance hack so well, when more than $6 billion was reportedly lost in what was one of the biggest hacking incidents in crypto history, yet now it’s crashing like a shitcoin over news about Nvidia’s CEO’s cheating scandals?
At this point, it almost looks like prices aren’t reacting to events, but rather events are being created to justify specific price levels.
CZ has managed to post tweets three times this year almost perfectly at local market tops, followed by another leg down.
Would Bitcoin have dropped this low without the Nvidia CEO scandal? Highly unlikely.
Even before the Nvidia-related news broke, BlackRock had been systematically transferring Bitcoin to Coinbase Prime.
In other words, it increasingly feels like someone knows what’s coming, knows where the market needs to go, and knows exactly when to move the price there.
At this point, it almost looks like prices aren’t reacting to events, but rather events are being created to justify specific price levels.
CZ has managed to post tweets three times this year almost perfectly at local market tops, followed by another leg down.
Would Bitcoin have dropped this low without the Nvidia CEO scandal? Highly unlikely.
Even before the Nvidia-related news broke, BlackRock had been systematically transferring Bitcoin to Coinbase Prime.
In other words, it increasingly feels like someone knows what’s coming, knows where the market needs to go, and knows exactly when to move the price there.
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I'm about to publish a longer video sharing my thoughts on what's happening with Bitcoin right now!
It won't be so much about chart analysis as it will be about the bigger picture and what's going on behind the scenes. I'll include timestamps so you can easily navigate between topics.
It's great when you control the entire order book and can simply push the price in either direction!
30-day liquidation map:
The last major liquidation zone was at $67,516. Binance had no trouble pushing the price down to $67,464 before immediately bouncing $2,000 higher!
We are not trading against each other. We never were!
It won't be so much about chart analysis as it will be about the bigger picture and what's going on behind the scenes. I'll include timestamps so you can easily navigate between topics.
It's great when you control the entire order book and can simply push the price in either direction!
30-day liquidation map:
The last major liquidation zone was at $67,516. Binance had no trouble pushing the price down to $67,464 before immediately bouncing $2,000 higher!
We are not trading against each other. We never were!
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Friday 13!
I've said this repeatedly! More than half of the metrics used in Bitcoin analysis don't work and never really did!
People are being led to believe that the more data points and indicators they have, the better they'll understand where the price is heading.
But an overload of random information and metrics only creates an illusion of expertise!
Once again, I'm making my point: it's time to add a few new colors to the rainbow, because this shit is starting to look pretty strange!
I've said this repeatedly! More than half of the metrics used in Bitcoin analysis don't work and never really did!
People are being led to believe that the more data points and indicators they have, the better they'll understand where the price is heading.
But an overload of random information and metrics only creates an illusion of expertise!
Once again, I'm making my point: it's time to add a few new colors to the rainbow, because this shit is starting to look pretty strange!
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