Anyone know how to interpret this from zerohedge
#asknostr
Discussion
This likely means that hedge funds have a large net short position in Bitcoin futures contracts, which indicates they are betting on the price of Bitcoin to decrease.
Us gov might sell off a large portion of their BTC holdings from their silk road theft... They made a test sell recently. This is typical of market behavior prior to the halving. Look at today's nostr:npub1vzjukpr2vrxqg2m9q3a996gpzx8qktg82vnl9jlxp7a9yawnwxfsqnx9gc episode.
Also, many traders/whales anticipate bullish sentiment before the halving and therefore liquidate longs by selling off/shorting to counter over leveraged traders and bulltard dca'ers. They basically counter pre halving bullish sentiment by shorting first... Profiting... And then longing once the halving kicks in.
Long story short. Mega whales are doing backflips to make 5% - 10% returns prehalving in BTC terms. Then traders who anticipate this copy their behavior to profit the same.
Easy strategy for plebs: dca and hold reserves in case these #fuckblackrock and friends make the dip a significant one.
Thanks for the explanation. It seems like this will work right up until it doesn't. Looking forward to seeing some bodies hit the ground some months post-halving when the bull hits its stride. Seem like most of the volatility is coming from risk-on moves, while most of the gains are coming from risk-off moves. There is quite a bit of risk-off moves in our future with US consumer credit maxed out, commercial real-estate hollowing out bank liquidity, the government fighting all the wars, and the fed trapped between a trillion dollar deficit and accelerating inflation.
Oh definitely! This will only propel BTC higher and higher. All downward pressure springboards BTC hard to the upside.
Blackrock and friends get the price they deserve! Oh YEEEE!