Am I a bear right now or not? Today I have in my head a lot of scenarios for the market and I'm looking for hedging variants, I wrote about it more than once, and gold was $1,800 per ounce at $60'000 BTC, and it is still is, but the growth potential is there.
I want to share the variant of correction movement, if the correction of 12 years of growth has started. A ban on mining, regulation, big taxes, expensive transactions, a game of heap market makers, a lot of derivatives with no supply + war and global financial crisis... Could be anything (like oil at minus $40). Sooner or later there will be a long term correction of the entire historical chart and it will break all channels, pierce all MA and indicators will be wrong.
The stock market is going down. Tesla's market capitalization was just over $1 trillion. On the pretext of buying Twitter, Elon Musk sold $4 billion worth of Tesla stock.
Bitcoin's market capitalization was just over $1 trillion. Everyone is trumpeting that Do Kwon made a lot of money from the LUNA scam, but there is another side to the coin, and I got an interesting figure of $4 billion.
UST was added to all the top exchanges Bitstamp , FTX , Kraken, etc., even Binance.US.
Blackrock and Citadel borrowed 100k BTC from Gemini (it shows in their credit book). Then they exchanged 25'000 BTC to UST directly from Do Kwon, all this was done quietly, off-market, and at good rates. The rest was sold on exchanges to lower the rate of BTC.
It is thought that the Winklevoss brothers (creators of Gemini) own about 1% of all BTC in the world (that's 210 000 BTC). Who knows, maybe they shorted half of it together with Blackrock and Citadel. At $40'000 BTC, that would be $4 billion.
After the LUNA story, USDT capitalization is down $10 billion . The news tells us that funds are panicking out of USDT collateral. Or maybe it's just someone taking physical assets out of the crypto market? Or maybe it's on the heels of 12 years of growth? Time will tell...
Bitcoin has very strong fundamentals today, but no matter how you look at it, its value is changing for the benefit of the market masters. Lighting is a great technology, with cheap and instant transactions. But the same way, the smart contracts can start to move not BTC, but some USD or mysterious Phoenix. There is nothing terrible, in this variant, the long-term movement of $20-40'000 will make BTC almost stable, but will take away all money from players with big leverage (the MM will earn money again).
How do you like such a tale for the evening? Don't hurry to unsubscribe, there will be new tales) 2 years ago we didn't even think, that you can give ETH to stacking, it will bring you new ETH, for what you put it through the platform, it will give you stETH, you can sell it at once, and the original continues working for you. This could also be bought up in a circle, and there will be a hunt for such tricksters, which means there will be a black day for stETH. With such a corrective movement, there will be periodic Alts pums and other opportunities.
Sorry for my English, it's not my native language.
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