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JUST IN: Institutional shorting of
Bitcoin
has significantly decreased, with CME futures net positions down 75% in the last 5 months.
#Bitcoin
#BitEagleNews
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Ethereum $ETH now has a larger market cap than Bank of America Ethereum: $365B Bank of America: $345B
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There’s a reason WHY we’re going higher With NO deep pullbacks it’s simple psychology. The demand to buy is OVERWHELMING. Too much new money is WAITING to jump in: - Trump win, $BTC at new all-time highs - The crowd finally accepts it’s a bull run - Former bears have turned bullish Everyone’s in “risk-on” mode, Ready to grab any entry. Money’s pouring in. People will take any chance to buy in, no hesitation. And if your sadly waiting for a big pullback, You’re out of touch. With this level of demand, heavy dips won’t come now. Don’t believe me? Just watch.
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Good morning to everyone 🐻 🐂
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I keep seeing people who are bearish on Bitcoin and the entire crypto market redraw a new trendline every week to fit their bias. That’s next-level coping. This is the worst time to be bearish, and recent events have made that absolutely clear. Speaking of charts, the one below is the only one you should be paying attention to at the moment. My guess? We just reached the “media attention” phase (as you’ve probably noticed as well). Now it’s time to start moving towards “enthusiasm” and beyond. Q4 & Q1 are going to be insane.
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Important to recognize the difference between a TRADE and an INVESTMENT diff strategies for each of them. Trade = hold time for a few hours - a few days. Targets = 5%-50% Investment= hold time = days, weeks, months. Targets= infinity Mentally define what each of your coins is. Some coins are better as trades (see volatile ones like WEN, NEIRO, etc). Others, like $RUNE might be better investments)
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