Looks to me like a sell the rumor, buy the news event.
But I’m probably wrong.
Much wow with this current bitcoin price action and tomorrow’s possible Grayscale/SEC news. 👀
Bear markets are for building.
Crab markets are for violently stacking sats.
🔥🦀🔥
#Bitcoin
K-shaped America is still alive and well (unfortunately).
The upper income earners continue to do well while the lower income earners continue to experience a declining quality of life.
Resumption of loan repayments in the fall will only exacerbate the problem.
Liquidity is oxygen.
Without it, volume and volatility wane.
And investors move back towards safety on the proverbial risk curve.
Until liquidity re-accelerates, expect sideways-to-down price action in risk assets and #bitcoin.
🔥🦀🔥
(Not ind. investment advice.)
Just because you can make money from something doesn’t mean that it offers value.
I see degen crypto traders and enthusiasts making this mistake all the time.
Greed often overrides mental clarity.
Nothing has warped the minds of prior OG Bitcoiners more than venturing into crypto venture capitalism… which is simply faster-moving fiat venture capitalism.
You hate to see it.
Celebrating 24 amazing years with my smokin’ hot, smiley, and super fun wife! 😍 https://nostr.build/av/ec2c5dc2d9844416a17524523f94cbdf136e65c175ba8c0e59392de6c355e5d6.mov
🦀🐂🐻
🦀🐂🐻
🦀🐂🐻
🦀🐂🐻
#Bitcoin cycles, in pictorial form.
The crab market will continue until all of the bulls and bears are bored to death. 🦀☠️🦀
Stack accordingly.
#Bitcoin
Fantastic reply. 😂🤝
All the macro you need to know*
Inflation: Sideways
Economic growth: Sideways
Liquidity: Sideways-to-down
OPINION: Stay crabby. 🦀
*(infotainment purposes only)
Some quick back of the envelope math…
From Aug 2nd - Aug 9th:
US net liquidity roughly INCREASED by $48B.
Fed balance sheet: +$1.5B
ORR: +$26.4B
TGA: -$72.9B
👀
Fantastic money doesn’t need to be backed by anything.
It just is. Fantastic.
#Bitcoin
It remains to be seen.