What happened last night? He went out and got drunk?
Discussion
🙄😂 funny
No seriously, you mean because of the AI news and bearish sentiment on Nvidia and the rest you mean?
Yeah such big pressure in risk and growth equities sell off…normally I’ve seen btc dip more in this scenario.
Yeah I agree with you. As you said it is indeed reacting less than it did before to generic use. This could be because of three reasons.
1) Short Term owner value is currently at 90k so they have still room to before they start panic.
2) I believe many of the new holders and so STO are less and less normies and retailers, and so they get less shaken and less keen to degen leverage and so risk to wash outs.
3) Big Investors and fund are not dismissing Bitcoin anymore, everyone wants to buy, but not near ATH, but also are starting feeling a bit of institutional FOMO, if you are a Sovrain Fund and you know the game theory is about to start, probably you start leveling up your orders and buy orders walls are very like raising significantly.
I still see a dip to 80/84K but also pretty sure the lower it goes the less time will spent there and have a fats V shape up. But I don't trade so, GO FUCK MYSELF.