Nostr Web Client

Are we at the top of this bull run?

My analysis says we’ve got a few months yet to go

But the more I think about the whale that sold 80,000 Bitcoins, the more I think that is potentially a top

Not that the sell side supply pressure dampening price

But more that whoever they are has seen multiple cycles, is battle hardened, and reckons this is about as far as we will go this time around

Why sell now? When they could sell at higher prices in 2 months?

Time will tell…

Brisket 5mo ago

Nobody knows the future.

Nothing stops this train - they need to print & they need to print a lot.

Have you watched the MSTR Q2 earnings call? They're focusing on raising capital via their preferred options. A multi trillion dollar market for fixed income that they have very compelling products for. I see this as effectively setting a floor for Bitcoin at these prices.

I'm anticipating more sideways for Q3 with liftoff in Q4.

Black Swan risk is still very much on my radar.

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Discussion

Jake Woodhouse 5mo ago

MSTR is quite a thing to behold

Q2 earnings absolutely huge

Brisket 5mo ago

It'll start slowly but the fixed income market is much larger than the crypto market.

Once they prove their model works, they'll be unstoppable. Soon they'll be selling 100s of billions of dollars of their preferred equities which will flow into Bitcoin as well as pay the dividends.

It's mind blowing where this can go.

Jake Woodhouse 5mo ago

Watching keenly