Are you in panic mode?
I would not want to rebuy higher.
Every day LTHs/OGs sell ~40000 BTC.
Dear Bitcoiner,
I have just read this article in French entitled "80 000 BTC déplacés : un tournant dans l'histoire de Bitcoin" (80,000 BTC moved: a turning point in the history of Bitcoin) published on the cyphertux.net website.
I have read and checked several elements of this article.
On the basis of these considerations, I have exchanged 20% of my current Bitcoin bag for USDC stablecoin to be ready to buy back if the worst-case scenarios come true.
Nevertheless, I'm still in the game, with 72% of my portfolio in Bitcoin, 18% in stablecoin, and 10% in other altcoins.
Cher Bitcoiner francophone,
Je viens de lire cet article en français intitulé "80 000 BTC déplacés : un tournant dans l’histoire de Bitcoin" paru sur le site cyphertux.net.
J'ai lu et vérifié plusieurs éléments de cet article.
Sur ces considérations, j'ai échangé 20% de mon bag Bitcoin actuel contre des stablecoin USDC pour être prêt à racheter si les pires scénarios se realisent.
Je reste néanmoins dans la partie avec 72% de mon portfolio en Bitcoin et 18% en stablecoin et 10% dans d'autres altcoins.
https://www.cyphertux.net/articles/fr/research/bitcoin-80k-btc-mystere-opreturn
https://www.cyphertux.net/articles/fr/research/bitcoin-80k-btc-mystere-opreturn
Discussion
I am not in panic mode ☺️
I prepared myself for 3 different scenarios:
Sc1: If it's a hack of legacy addresses in 1.... of P2PKH type script and Bitcoin returns to $10k I now have enough liquidity to make cheap purchases.
Sc2: If it's a farce and we're going to $200k this year, with the 72% BTC in my wallet, I have enough to make beautiful new TPs
Sc3: I also have enough BTC to wait years if we keep in a range mode.
You are looking very well prepared. That's fine. Let's see how this all plays out.
I'm just sitting on my hands while doing my boring daily DCA.
Technically every market top metric recommends not to sell. https://www.coinglass.com/bull-market-peak-signals
I did a daily DCA between Nov15 2022 and Nov15 2023 ($15.5k - $38k).
After that date, I stop DCA because of lack of liquidity, I am mostly doing very rare moves (BTFD or TP)