Thread

What are they buying? Paper btc 🤭🤭🤭

Stop being a conspiracy theorist! 🤣 The on chain data analysts tell us it can be explained! 😉

sir I refuse to believe this because it is bearish

IBIT is paper bitcoin

Rightttt

Exactly 🔥

Governments buying paper bitcoin so bullish 😂

The fallout from this will be epic lol

And everyone thinks we’re still in a bull market 😬

What's your take? Ber market? I have no clue what's happening anymore lol

I’m convinced of bear too many things lining up. - Late cycle whales selling - 4 year cycle lines up perfectly - dumping on positive news ie rate cuts and massive earnings. - high correlation with tech which is massively overvalued - MSTR losing all upside correlation to BTC - sharpness of price decline - breaking below major long term trend - bearish Q4 when this is typically very bullish time of year - very weak bounce from 80K - sentiment horrible between devs ie core/knots - underperformance to almost any asset this year

The high correlation with tech hits hard

Man this whole year (couple of years) has been really disappointing. I still hold hope for an extended cycle? Lol

Hate to break it to you, but 126K was the moon markets don’t run on Hope better to face reality

The actual price of Bitcoin is under 20k.

The actual price is always market price cause that’s what someone is willing to pay however, future price is trending downward currently how far it will go is to be determined

Either way I'm chilling lol People that took leverage by locking up their coins in btc loans are about to max pain

AI massively overvalued with NVIDIA not finding margin after abandoning gamers and tech companies rushing in to build data centers that will be left to rot. RAM prices skyrocketing due to this speculation. This has been bubbling for a while now.

Good that means you didn’t put yourself in a position where you were relying on an extended cycle. Those people are going to see max pain.

Exactly in the cracks are really just starting to show and because bitcoin trades 24 seven it can be one of the first assets to sell off

Brother I know this pain from last cycle. The stress alone is immense. Never again

Bitcoin won't really drop or be affected until they start pushing out the trackable currency. With like the social credit system, stuff that China has. And once people realize that they need privacy coins, they're going to look at Bitcoin and say, nope. And they're going to start turning to privacy coins like Monero.

Do nothing (but stack sats if you can) is the way.

💯

Privacy will always be needed in transactions. There is no denying it.

PLTR 1500% 5 YR Don’t look at the Warren Buffet indicator 👀