We’re watching a breakout of a 5-year wedge against liquidit | TheCryptoDegen on Binance Square

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We’re watching a breakout of a 5-year wedge against liquidity.
A literal first for #Bitcoin   . Expectations based on extrapolating from the past may underestimate.
#Megadrop #btc70k 

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Few #Bitcoin    traders understand this: If you want to long BTC with leverage. DON'T buy futures, buy spot BTC with margin. EXPLAINER (1) Buying futures can be fulfilled by any counter trader who has USD collateral, together you are minting new synthetic BTC to the supply which creates a bearish environment. (2) When buying spot with margin (borrowed USD), only BTC holders can sell it to you. This creates a supply shortage and a very bullish environment. BONUS In a bull market it's much cheaper to fund a long position with borrowed USD or USDT than with calendar futures or perps.

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Statistical Bias: Those who have read the recent tweet on unfinished auctions, here's a couple stats to go alongside. Of revisits, 84% of unfinished auction highs and 67% of unfinished auction low were revisited within the next four sessions. This is from the year of 2024. #BinanceTournament #BTCFOMCWatch

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🚨 BREAKING 🚨 🇵🇾 PARAGUAY PLANS TO SELL EXCESS HYDRO-ELECTRIC POWER TO BITCOIN MINERS AS PART OF ITS NEW ECONOMIC DEVELOPMENT STRATEGY. THIS IS GIGA BULLISH 🔥 #Binance200M #ETHETFsApproved

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Cluster Charts : This is when data can be aggregated into group sizes based on tick size. The order flow data can include volume, delta, etc. As price extends past 2nd to last cluster, a new cluster is formed yet not fully filled, forming a cluster extension. #Binance55thProject(IO) #ETHETFsApproved

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The Economics We Learn In School: If the Fed hikes rates, monetary policy will be restrictive leading to lower lending, excess liquidity drawn out due to higher interest rates on credit and mortgages. This would lead to lower consumer purchasing power, companies begin restructuring, unemployment rises, sales revenue falls, prices fall, and inflation drops to the central bank target. Real Life: Fed hikes rates from 0.1% to 5.5% in under two years, consumer purchasing power goes a notch higher even though a lot of households max out their credit cards, unemployment drops to record lows, the stock market hits all-time highs, and the dollar drives other currencies to record lows. Yield curve inverts for over a year, failing banks get bailouts, commercial real estate books tank, nothing happens, and a company with under $80 billion in annual revenue adds $2 trillion in valuation as investors price in future revenue 🥶. Should we redefine economics? #Binance55thProject(IO) #BnbAth

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