Jamesvanst

Are the jaws starting to close?
In the past 30 days:
- Bitcoin is up 5%
- Q is down 1%

That was the first time Bitcoin hit $90k since December 13, during US trading hours.

The October liquidation event occurred almost three months ago, with no significant systemic issues surfacing so far, despite unclaimed speculation.
The Terra-Luna collapse in May 2022 was a similar magnitude of event that caused 3AC to blow up within 30 days, with fallout continuing until FTX's collapse in November 2022.
If nothing materializes in the next three months, it would be a huge tailwind for the industry.
It was 99% ADL and cross-collateral liquidations using Bitcoin.

再见四年周期理论，很高兴认识你。
期待新的叙事

The last time Bitcoin had four consecutive red months was the depths of the 2018 bear market. (Currently 3)
January is green.

Open interest denominated in bitcoin went down during US market hours.
Shorts are covering not new leveraged longs being opened.

Bitcoin consolidated for around 53 days from the first capitulation wick in February to recovering in late April.
So far bitcoin has consolidated for 40 days since the November 21 bottom.

It seems we are approaching the end of the long-term holder selling and the miner capitulation.
That's huge headwinds being removed

Silver is less than 5% away from entering a "bear market".
This is why terms like “bear market” and “recession” are nonsense.
The world has evolved, but the majority of investors are still primitive in how they think about risk.

26k+ BTC increase in OI over the past 24 hours
Which is now down 8k BTC from the highs.

Bitcoin has now broken out of the 3-month downtrend line on the daily.
Time to retest the channel when the US opens.