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The #Bitcoin maximalists, as always, are in max greed and euphoria mode after BTC briefly touched $50,000 amid the recent Tether money printing spree.
Moves like this are designed for insiders to trap in bulls. Retail is heavily loading into BTC now, thinking it will go higher, then the prices will rug below them, as always.
I’ve increased my short position sizes substantially this week, even higher than our previous “infamous” short at 69K. We believe this run up will soon mark the top of the echo bubble run, which we predicted at $16K.
Best of luck to the Bulls! Lots of excitement and talk from them in recent days after a 3% move today, which is great. I unfortunately haven’t read all of it, since I’m on vacation, but we missed them! Sadly the crickets will return shortly when prices soon nosedive.
BREAKING: MicroStrategy's #Bitcoin Holdings Surge to $9 Billion
#MicroStrategy , the business intelligence firm led by CEO Michael Saylor, has seen a meteoric rise in the value of its Bitcoin holdings, which now stand at an astonishing $9 billion. This significant milestone underscores the company's bullish stance on the leading cryptocurrency and further solidifies its position as one of the largest institutional holders of Bitcoin worldwide. CEO Michael Saylor's unwavering commitment to Bitcoin as a long-term store of value has propelled MicroStrategy into the forefront of the digital asset space. Stay tuned for further updates on this developing story.
In the latest #Waves Sasha's AMA SESSION 2024, #Sasha has made a significant statement regarding Waves Coin. Sasha stated that once Waves Coin hits $10, he will sell off all his Waves Coins. Following this announcement, we have observed a decrease in Waves trading volumes, indicating a possible impending downtrend in the coin's value.
We strongly advise all members of our crypto group to consider exiting their positions in Waves Coin as soon as possible to mitigate potential losses. Stay informed and make wise decisions in this volatile market.
The Chinese New Year often exerts a notable effect on the cryptocurrency market. This annual event, celebrated widely in China and among Chinese communities worldwide, typically leads to decreased trading activity and liquidity in the crypto market. Many traders and investors take time off to celebrate the holiday with their families, resulting in reduced buying and selling pressure.
Historically, the weeks leading up to the Chinese New Year have seen increased volatility and downward pressure on cryptocurrency prices as traders anticipate reduced market participation. Additionally, Chinese regulations and government policies regarding cryptocurrency trading and mining may influence market sentiment during this period.
However, it's essential to note that the impact of the Chinese New Year on the crypto market can vary from year to year and may be influenced by other factors such as global economic conditions, regulatory developments, and technological advancements. As the cryptocurrency market continues to evolve and mature, the influence of specific events like the Chinese New Year may change over time.