"The Melt Up"
BOOM! Here you have it... BTC hit a new ATH at around 120,000 American dollaz, and according to FOX News, it’s gunning for $140,000. No shit... What if it rockets to $238,000 and then crashes back to $30,000?
What do you think of that?!Nothing’s clear about Bitcoin’s price, if you ask me. But if you study its price action, you’ll notice that since ETFs got rolled out to the public, most of the wild swings—up or down—happen during America’s trading hours, which line up with Wall Street’s gambling sessions.
About a year ago, the German government decided—or probably had to—dump all their Bitcoin holdings, which came from confiscated illicit activities, at $50,000 per BTC.
Now it’s 2X that, and Bhutan’s doing the same. Bhutan doesn’t have as much, but at least they’re smarter than the German government.You know, sometimes being poor makes you sharper, more cautious with your decisions, and think twice before cashing out profits...
Bitcoin’s been a hell of a bet this bull market, ‘cause as most of you’ve noticed, altcoins have been pretty damn underwhelming so far. But that doesn’t mean it’s game over for alts. Usually, the best returns on altcoins hit in the late phase of the market, which should probably be coming soon...
Abraxas Capital withdrew another 29,741 $ETH($81M) from Binance and Kraken in the past 12 hours, and if you pay attention to Trump’s investment fund and BlackRock, you’ll see they’ve been stacking ETH for a while. When ETH does well, alts do great, and vice versa.
So, once ETH starts pumping properly, we’ll most likely see that long-awaited altcoin season kick in. Until that happens, it’s just hopes, dreams, and nothing but a Bitcoin show. But if you’ve been on crypto Twitter the past couple of years, you’d have noticed that every time BTC hits a local top, influencers scream “bear market.”
Well, when almost no one’s calling for a bear market each time BTC hits a new ATH in the next couple of months or so, that’s when you should start thinking the top might be close. Wanna know what else screams a market top?Stuff like this: Snoop Dogg’s Telegram NFT Drop Sold Out in Half an Hour...
This dude bought land in the metaverse back in 2021, and plebs shelled out hundreds of thousands of dollars to be his neighbors. Once shit goes that crazy, I’m out... Been waiting for a damn altcoin season since 2022. I’m almost dead broke doing it...
Thanks for your attention,
Adrian
Haha, I've seen the green but haven't even remarked it was a new ATH. Was too busy today!
Enjoy!
As predicted, BTC is rising along with M2 money supply - enjoy the ride!
I think we're in for a massive BTC/alt run until the fiat system completely collapses under the weight of all that debt... Then only the quality alts survive in the new economy.