I saw two pieces of information. One was that even though Bybit was processing BTC withdrawls, about 19,000 coins, and some looked like they were huge amounts, so the speculation was that maybe they are selling to OTC desks in order to raise money to buy ETH. This of course would be bad if customer funds are being used to cover the hole left by the hack. The second was this could all be part of a rouse by the CEX's in order to push Bitcoin price down so the whales can load up. Its easy to push the price down when a major news event instills fear, and you also wreck the leveraged longs.
Tariffs coming in effect on March 4th and they are going after the Tether printer. It's so over. It really does feel over this time. THEY ARE GOING AFTER THE PRINTER. ITS FUCKING OVER!!! GOODBYE TETHER. WE ARE GOING TO ZERO!!! ZERO!!!
Bybit was "very convenient" release of info last Friday, bitcoin was up a couple of thousand $ to $99.5k about to break $100k, then lo and behold, bybit hack, btc crashed immediately to $95k level Friday, stock market crashed on economic data, did not help bitcoin, closed near the low... but all weekend, bitcoin stable, before US stock market open on Monday, bitcoin was green $96.5k level, stock market something something, pushed bitcoin red, Nasdaq down over 200, bitcoin $92k so, between US stock market negativity and bybit hack, plus some tether fud that is always there, we're just going to chop downwards I do not know why but something about bitcoin bottoming in March ( on the 14th, Pi day), majority calling for $75-77k level as bitcoin bottom Ides of March... I'm looking for a Twitter post I saw last week to share, about liquidity injection, $100B to start, up to $700B total in the next few months, but it starts to hit the bond market, then a couple of weeks later, stocks and risk assets including bitcoin That would line up with the mid-March bottom for bitcoin If you want to know my emotional pain, lol, if I was not such a fucking dumbass permabull, I would have followed Josh for the past month or so, he's been fucking de-risking, selling covered calls on mstr, collecting "rent" as he calls it, some at the money, some strikes below current mstr price! I've been quickly scrolling bypassing Josh's Twitter posts for the past month, because he has not been bullish at all On the good side, Josh is ultra bullish after we bottom, mstr and bitcoin $75k, fml check out Josh posts for 2 months... https://x.com/JoshMandell6
Hi boys, I was told that Bitcoin is a store of value against major markets. What is going on? Have that changed? Is that not a store of value anymore? Please explain. I want to learn.
Who said BTC is a store of value? coin investors blockchain patent writers coin creators professional writers crypto exchange CEOs ... Then what do traders say? uptrend - buy downtrend - sell no trend - no buy, no sell Traders don't bother about store of value / worthless sh*t Explained.
Dearest Ms C Addict, I think it's premature (heh) gloating, sir, btc is still $87k, wait for bitcoin to go below $80k, no? Josh is starting to buy back his short mstr (covered) calls, fwiw