Replying to Avatar 2Pac

Institutions are sucking out the premium with futures, options and stonks. There is a lot of paper bitcoin reducing real demand. The cycle tracks almost identical to 2021 with less amplitude. That’s why we barely got 100% from previous peak unfortunately that doesn’t stop us from getting a bear market. There is a lot of misconception on the idea of institutional buying is “long only”.
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BitcoinSandy 3w ago

I’d be surprised yet ecstatic by a 40k low though

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Zach⚡️ 3w ago

I wouldn’t be ecstatic because I’d have to sell spot and buy calls. Spot wouldn’t be enough if we were that low.

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BitcoinSandy 3w ago

No idea what you’re talking about, i just stack sats

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Zach⚡️ 3w ago

If we had a COVID style flash crash -50% and -85% from all time highs I would LEVER LONG.

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2Pac 3w ago

I don’t really like price predictions in either direction because they are mostly misleading and misguided. But I think 38-50K range is a reasonable expectation 60-70% drawdown based on how sharply we have already sold off since peak. Seems entirely possible by the end of the bear.