2 main observations from
#Bitcoin
orderbooks:
1. Sellers are moving sell liquidity to the $70k level. Even they know the current sell wall won't hold for long,
2. Many buyers are still sidelined hoping to buy in $30-40ks. They will all be forced to bid higher, giving us more
OTC desks are getting drained of their coins.
The voracious demand from ETFs is going to lead to an explosion in price pretty soon. There isn't much on exchanges for sale.
#bitcoin
Continue to see signs that "this time is different"
Behaviorally this market has changed.
Coins were sent to exchanges in past runs, now on this run, coins are leaving exchanges.
Do with this info as you wish.
#bitcoin
There is currently only 8.7 thousand coins listed on the sell side between both
@coinbase
and
@binance
till $100k
@saylor
is about to enter the market for ~10,000 coins (at current prices).
You don't have to be a rocket scientist to know we are about to explode higher. Tick
Shorts have grown fat and greedy.
Between these two zones, there are now $20+ billion in liquidations. This will be the most epic short squeeze in
#bitcoin
history.
All I have to say is tick tock!
Sell walls across exchanges are thin AF.
Many on my feed are expecting a consolidation or even a 10-30% drawdown at $69k.
But it seems to me we are going to explode upwards instead. Tick tock!
#bitcoin
#Bitcoin
cutting through the first liquidation zone like butter.
This is still just an appetizer to the $74k shorts.
Price will go absolutely vertical to new highs once those shorts are rekt. Tick tock!
Over $5 billion in shorts waiting to get destroyed. The fuel just keeps growing.
When king daddy
#bitcoin
reverses, it is going to reverse really hard and fast. Tick tock!
Over $5 billion in shorts waiting to get destroyed. The fuel just keeps growing.
When king daddy
#bitcoin
reverses, it is going to reverse really hard and fast. Tick tock!
Sellers look weaker by the day. Not seeing much lighting up on the sell side outside of the $95-100k range
Sidelined bidders at $45k and below have yet to capitulate, but when they do, it is going to be insanity.
All exchanges continue to have an imbalance towards the bid
2 main observations from
#Bitcoin
orderbooks:
1. Sellers are moving sell liquidity to the $70k level. Even they know the current sell wall won't hold for long,
2. Many buyers are still sidelined hoping to buy in $30-40ks. They will all be forced to bid higher, giving us more
All shorts in MicroStrategy are deeply under water.
You don't have to be a rocket scientist like
@saylor
to know they will be forced to capitulate and send the stock to the moon.
Tick tock!
#bitcoin
$MSTR
Not only is
#Bitcoin
sucking up funds, but gold is hemerroging AUM at an alarming rate across many ETFs.
Bitcoin is going to drink Gold's milkshake and quite suddenly too.
Incredible to see not just one but 2
#bitcoin
ETFs with top flows in the last week.
You know what is not present in the top 20? Gold.
The disruption of gold by Bitcoin is going to come a lot faster than goldbugs think.
2 main observations from
#Bitcoin
orderbooks:
1. Current area is the sellers/bears last stand. We will pump very hard after supply from $53-55k is absorbed (coinciding with a short squeeze).
2. There are a lot of sidelined buyers/bulls who have bids at 40ks and below. They will
Only took 4 years to go from "I would rather have bananas" to "Global Currency".
"First they ignore you, then they laugh at you, then they fight you, then you win."
#Bitcoin
Part 2
How high can the price go. Way higher than you think. Remember, the market for BTC is global. And the supply has a final limit of 21m BTC, with unlimited fractionalization.
Keep that in mind as you consider what happens if because of geopolitical uncertainty and the
The beatings will continue till all the shorts go broke.
Shorts starting to build up again at $73k. We will see more squeezes this week. Tick tock!
#bitcoin
Woke up to the market makers choosing violence.
Tons of levered longs were just liquidated. Can we resume the bull market and go for the shorts now?
#bitcoin
My fellow $MSTR longs. Good news, shorts have increased based on my sources.
"There was an increase in short activity this week after MicroStrategy announced a plan to issue another convert. There are 3.4 million shares of MicroStrategy out on loan and estimated short interest
Analysts on Twitter: "Hong Kong
#Bitcoin
ETFs are not really a big deal"
The data: "Asian crypto exchange volumes are orders of magnitude greater than those from the US (8x greater)"
A big pump is loading. Tick tock!
We hit the $48k
#Bitcoin
downside target, which lines up with previous cycle drawdowns.
Now, it's time to look forward to the upside targets: $102k / $155k / $209k / $242k.
Bullieve!
Many are focused on how low we go in the short term, but historically speaking the deepest retracement has been to 0.618 (in 2017), which would target $48k.
The better question to ask is how high will we go?
Fib extension targets: $102k / $155k / $209k / $242k.
#Bitcoin
Coins have been moving from West to East.
Makes a strong case that the Hong Kong ETFs are going to be a far more bullish catalyst than the US ETFs.
#bitcoin
I just presented investing in
#bitcoin
to my entire division (one of the largest funds in the world).
What have you done to advance hyperbitcoinization today?
Sellers have been lighting up order books on
@coinbase
and
@binance
.
BUT they are placing asks at $70,000-$80,000 or even higher!
Sellers know we are going much higher. Tick tock!
#Bitcoin
Do you bullieve?
Bullish divergence on the 1-hour RSI, levered longs liquidated, funding reset, and
@saylor
about to buy $600mm.
Wise man once said
#Bitcoin
looks dumpiest before pumpiest. Tick tock!
This dip is not going to last very long.
Every cohort continues to furiously buy this dip.
It's only a matter of time till we see $80k and beyond. Tick tock!
#bitcoin
Sony has $15 billion of cash on its balance sheet and generates $5 billion in free cash flow every year.
They can buy a lot more
#Bitcoin
than
@saylor
can.
Levered longs are wiped out.
The only real liquidity remaining for market makers is on the short side. Might take some time but they will have their turn. Tick tock!
#bitcoin
#Bitcoin
miners have been the most aggressive sellers in 2024 and likely the main cause of sell pressure since the ETF launch.
The good news is that their wallet balances are approaching historical lows now. We should see this selling abating soon and see them accumulating
I admit I was wrong in thinking we would blast through on our first crack of $69k.
The good news though, sell walls are pretty empty on
@Coinbase
and
@binance
till $69k, so I believe we will test it again. Tick tock!
#bitcoin
GM. We're short $MSTR and long bitcoin. Report avail at . Crypto trades often get carried away and $MSTR is no exception. The BTC price implied in $MSTR shares is now over $177k, an unjustifiable 2.6x the spot price of BTC. (1/6)
@BitcoinMagazine
Senator Warren I think we would all love to know how you have a $12 million+ net worth on a $200k a year salary (and academia before that). Care to elaborate how you achieved this through ethical means? 🤔
@SenWarren
We could have 1 more leg lower in the coming week, but the inevitable can only be delayed.
#Bitcoin
is going to break out of the pennant structure and destroy all shorts.
$80k+ is coming. Tick tock!
FED looks benign, crypto sentiment bombed out, $5bn in short liquidation potential, funding reset, sell liquidity on exchanges are thin, etc etc.
Run it back turbo to new highs. Tick tock!
#bitcoin
Second tap didn't break through, while shorts have only grown larger (more fuel)
The third tap likely is going to be explosive to the upside. $75k is coming soon. Tick tock!
#bitcoin
Plebs have slowed down accumulating, while the largest whales have accelerated their accumulation.
We are going much from higher from here. Tick tock.
#bitcoin
Nice reversal from where I pointed to earlier today.
Shorts increased even more since then (more fuel for new highs). Looks like we are coming for them now. Tick tock!
#bitcoin
It has only been 4 hours since the last update and the spot sell wall has thinned out considerably. Bears are exhausted AF.
$60k+ is going to be here in a flash. Tick tock.
#bitcoin
Levered bears got blown out today. Spot bears are next.
The sell wall across exchanges ($53-55k) is pretty small in comparison to what ETFs and whales like
@saylor
are accumulating on a daily basis.
$60k+ is on the horizon. Tick tock!
#bitcoin
Every time we have broken previous all-time highs,
#bitcoin
goes up parabolically through every fib-extension and beyond in short order. Why is this time different?
The 4.236 extension is at $240,000 for reference. Tick tock!
We are on a moon mission.
So much short fuel still waiting to be ignited.
We could see $80k very quickly once these are liquidated. Tick tock!
#bitcoin
Another 4 hours later and bears have fully retreated.
Many bids on
@coinbase
were moved to the $65k level.
Bulls are in full control. Tick tock to $60k+.
#bitcoin
It has only been 4 hours since the last update and the spot sell wall has thinned out considerably. Bears are exhausted AF.
$60k+ is going to be here in a flash. Tick tock.
#bitcoin
If bulls can push this weekend, it would start April with a bang.
Shorts at $74k will help push us to $80k.
If not this weekend, then soon. Tick tock!
#bitcoin
maybe
#bitcoin
can make a new ATH this long-weekend: tradfi is offline so $GBTC can't be dumped by bankruptcies,
@coinbase
"circuit-breaker" won't crash as base volume is lower. just three $1k+ daily candles would do it. "the slow blade penetrates the shield" -Gurney Halleck,
Bitcoin ETFs are accumulating at all-time highs. Gold ETFs are distributing all-time highs.
- Bitcoin ETF inflow yesterday: +$455 million (+$2 billion for the week)
- Gold ETF outflow yesterday: -$277 million (-$281 million for the week)
The flippening marches on. Tick tock!
#Bitcoin
has been consolidating in a massive bull flag and funding is negative.
The next leg higher is going to be absolutely furious when it comes. Tick tock!
We indeed tapped $53k today.
Could envision longs at $51k getting wiped before we explode to $54k and wipe out the remaining shorts.
Either way, shorts are not safe and will be wiped out in due time. Tick tock.
#bitcoin
Another monster
#Bitcoin
ETF inflow day yesterday at almost $800 million.
Do you really think Larry Fink cares about your bearish "rising wedge" chart? He is going to invalidate it and rekt the shorts / sideliners. Tick tock!
Yesterday, was another day of massive inflows for
#Bitcoin
ETFs: +$563 million
And was another day of outflows for Gold ETFs: -$85 million
The flippening will be televised. Tick tock!
Levered bears got blown out today. Spot bears are next.
The sell wall across exchanges ($53-55k) is pretty small in comparison to what ETFs and whales like
@saylor
are accumulating on a daily basis.
$60k+ is on the horizon. Tick tock!
#bitcoin
2 main observations from
#Bitcoin
orderbooks:
1. Current area is the sellers/bears last stand. We will pump very hard after supply from $53-55k is absorbed (coinciding with a short squeeze).
2. There are a lot of sidelined buyers/bulls who have bids at 40ks and below. They will
If we hear anything about
#Bitcoin
becoming a reserve asset or legal tender in the coming weeks, no chart or commentary on here will matter whatsoever.
We will simply go to $100k faster than Trump got up after getting shot.