I don't remember seeing a day like this, normally when BTC moves down the shitcoins flush hard
S&P 500 also up
I don't know what to make of it ... wondering if it's the us selling coins
Discussion
It’s a shell game…#Bitcoin can only be manipulated short term.
true, I like to understand as much as possible so when I see patterns change I ask questions
🤷🏻♂️ but did all of those tank extra compared bitcoin. Traders are gonna trade.
They ran up more slowly and down more quickly all year. First time I see something like this so it prompted me to throw it out there... I'm all in forever just like to understand when I can
Most of the time I just accept I'll never know
What do you think? My retarded self just assumes retail trade has more impact on the alts.
I have scattered thoughts on it
- could be the us selling
- could be the ETFs (they've been heavy sellers the last week)candy BTC has them but most alts don't
-Saylor stopped buying with mstr funds last Wednesday or so ... if his bid is gone then we can see just how much he did to move the price. there's talks of mstr blackout through January
- Powell definitely scared the markets
- lastly, there's an interesting chart going around on m2 liquidity, it shrank so some are saying BTC to follow
Personally I don't expect to see 100k again in 2024.
It's interesting I guess. Not being a financial/investment guy I'm not going to say what it could mean.