Spot has been buying #Bitcoin relentlessly over the past few days. Perps have been used to hedge massively due to uncertainties (of what exactly). Given that these events are now…
Original source excerpt
Spot has been buying #Bitcoin relentlessly over the past few days. Perps have been used to hedge massively due to uncertainties (of what exactly). Given that these events are now past us, and histo…
Spot has been buying #Bitcoin relentlessly over the past few days. Perps have been used to hedge massively due to uncertainties (of what exactly). Given that these events are now past us, and history often rhymes, I would expect to see that we're going to get a strong move from tomorrow/Friday onwards. Why is that? - FOMC Meeting is now done and there's no rate hike. - Midterms are a big non-event. - The War is being priced in to the extreme currently, so there's not much more to the upside to be priced in. - Options expiry comes in on Friday, which is now being rolled over in these particular days. Often; ☑️ Markets drop prior to a FOMC Meeting. ☑️ The bottom is found on a late Tuesday afternoon. ❔ After FOMC, we'll start to see a new upwards run for 1-2 weeks on the #Crypto markets. I think that we've seen the end stage of the correction and are going to witness that run.
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