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Why Did Bitcoin Jump in Recent Days? (Checkonchain, James Check)newsletter.checkonchain.com/p/a-very-quiet-all-time-high
937 sats \ 9 comments \ @denlillaapan 11h econ
I like explanations of price.
I know it's mostly just mumbo-jumbo and reading tea leaves, but it leaves me very annoyed when prices move for no obvious, rationalized reason. So people explaining what's up gets all the praises from me.
and loooook at that liquidation:

What goes up, must come down

Today’s piece is going to lay down both the good and the bad news, because this all-time-high break is a little bit too quiet for my liking…
Agree with that... very terrifyingly quiet. No lambos, no calls from family members, no angry rants from journos.
as it stands, we have left an ‘air-pocket’ between $111k and $117k, which may act as a magnet for the price if we run out of steam.
The key takeaway from all of the above charts is that we have fully flushed out this batch of shorts, and we’re now in a market where everyone feels confident going long, increasingly with leverage.
teeerifying
Hashtag, the Bitcoin Fermi paradox
AAAANd look at that spot volume... just dying

"Profit taking is normal for bull markets, so long as the demand is sufficient to absorb it."

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22 sats \ 0 replies \ @kepford 7h
very terrifyingly quiet. No lambos, no calls from family members, no angry rants from journos.
I've been wondering at what price we do start to see attention shift. Or is that just over. Is it just all to boring and its just the true bitcoiners and elites or tradfi people that care now. Traders...
Either way, I don't care. I'd rather see slower price discovery.
Incidentally over the past few months I have been hearing more really bad takes on bitcoin and crypto. Bad because they lump the two together. Bad because they are right about crypto in some ways but completely missing the difference. They will say things about crypto that are only true of bitcoin as well as the inverse.
I keep coming back to my theory that its over. The bitcoiners have been discovered and now its the elites/traders buying in. The masses will not get it until they are told its ok by authority figures and influencers they trust. I'm slowly coming to the realization that they will get what they deserve. Their lack of curiosity will be punished and there's nothing we as bitcoiners can do about that. We just need to take care of ourselves and our families. Become strong beacons of a better path forward. They will have to work hard for their bitcoin. Everyone that ignored us will.
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22 sats \ 0 replies \ @Coinsreporter 9h
Bitcoin was long overdue to pump, so it pumped. But everytime we're seeing that one of the OGs start selling to take it back down. There are reports that someone from 2011 era has sold 20k Bitcoins.
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22 sats \ 0 replies \ @Undisciplined 10h
It sounded like the exchanges were running low on bitcoin.
Reminder that stock is mostly fixed but supply is not
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26 sats \ 2 replies \ @OT 11h
Isn't the new cycle that we get a pump for ants and then consolidate for ~6 months?
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15 sats \ 1 reply \ @teemupleb 9h
Would be funny if we consolidated now at $120k for 6 months.
Then blasted to the next fibonacci levels at $147k at the announcement of rate cuts, new Fed chair etc.
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0 sats \ 0 replies \ @OT 1h
It would be boring, but hey...
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14 sats \ 1 reply \ @Aardvark 11h
That "air pocket" seemed to hold true at the 80-90k region when the price dropped after liberation day. I'm not sure if the pocket always needs to be filled or not, but I like tea leaves as much as anyone else.
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0 sats \ 0 replies \ @teemupleb 9h
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22 sats \ 0 replies \ @Macoy31 11h outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.