The strength of the stock market has kept junk assets like Bitcoin afloat. When first signs of problems come, Bitcoin will be the first to tumble under the pressure. I think the rug will happen on the weekend when the ETF buyers are locked in. The price will cascade down quickly on liquidations. Before the market opens we could find ourselves at $30k, trapping the ETF buyers along with all the moms and pops who put in their hard earned money into this ponzi alike scheme .
What about the asteroids? I think crypto will moon because it creates more human adrenaline for the aliens, that are among us, to harvest.
This happened back at the bottom. The crypto market doesn't produce anything. It's just about price manipulation, rekting traders and investors. That is the use case. So when everyone sold, the only way was up. I was saying there is a likelihood of an exit pump to $55K back then when we were at the $20K bottom. You can check the previous posts. Now mr. Andrew Tate is buying Bitcoin, Trump is talking about it, it seems to be the center of this entire universe... I don't think it can get much better than this. So the way forward is down. Some of you are new to crypto and don't know how it works. Any time there is an influx of new users, it's followed by a giant rug pull, massive red candles. Pretty much everyone who enters crypto, this is their introductory experience. You FOMO buy the top because you think it will go higher and you get rugged. So far it has then always gone up higher because we always managed to find more suckers. But if the macro conditions turn for the worse and/or if the culprit (Tether ponzi) runs into problems, there might be no next time...
And if there is no ...... if To the moon lol Geez at some point you have to give it a break. Even if you are "right" at some point, higher and higher is still - higher and higher. BTC is no different than any other market, go up, pull back, go higher, pull back, go .... Admit it. Otherwise let's see your short position?