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Quinten Francois
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Bitcoin
is down to $91,000 a pop. So glad I didn’t buy in on that mess.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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BTC
92,763.98
-1.03%
3.7k
0
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3
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Quinten Francois
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$BTC +122% year to date We won big in 2024 Let’s appreciate that for a second 🥂
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BlackRock’s #Bitcoin ETF is the greatest launch in ETF history 💥
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#Bitcoin supply on exchanges hits lowest point in 2024
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$BTC is currently down -15% In 2016-17 the average drawdown was -37.5% In 2020-21 the average correction was -23.8% A 20%-30% correction would bring BTC to $75,000-$86,000 #Bitcoin went up from $70,000 to $100,000 without drawdowns There is also a CME gap at $78,000 It would be extremely healthy and bullish if we revisit these levels and pick up liquidity So whatever happens, no need to panic Time in the market > timing the market
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Tether bought another 7,629 #Bitcoin worth $705 million for its reserves Tether’s Strategy: They use profits from short-term bonds to reinvest in $BTC, creating a more resilient system outside fiat dependence.
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