BTC distribution update

Playing out so far. SOW + expansion should be next.

It seems that someone knows something and is running away.

Current positioning:

60% USD

40% mid-term short positions (BNB, TRX, AAVE, SOL, MATIC, WAVES)

BNB

Guess what happens when this loses the range low.

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BNB - Lower timeframe

Corrective pattern and the support has been touched many times, same as the htf support (dark zone). They are trying to keep it up printing fake stablecoins, but they know they can't do that for much longer and it will eventually nuke.

I would add more to my shorts but I'm very exposed already, so I will keep this positioning. Current avg. entry for BNB is the same as before: $301

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https://www.tradingview.com/x/OVzjkT6K/

DXY

Potential short squeeze

This is bigger than you think. BNB chart says it all, and the entire market looks about to crash hard.

Choose your position wisely. Mine is bearish. Very bearish.

It reminds me of when Binance started selling FTT. They knew that they could cause a bank run, and warned that they would do it slowly to avoid this. You know what happened with FTX and FTT right after. Binance really didn't care about this (the DOJ doesn't care either), they only warned to wash their hands.

Same same...

In case it's not clear enough:

- The market looks very bad. Bitcoin can give you the false illusion that we are in a bull market again, when the reality is very different and you only have to look at altcoins to realize this, which are slightly up from the bottom or making new lows over and over again.

- I don't trust Binance, Huobi, Coinbase, CZ, Justin Sun, or stablecoins (especially BUSD, USDC, TUSD but neither USDT)

- I think we are going to witness a massive capitulation event that should mark the end of this bear market. This is why I have built several short positions (BNB is the biggest one) and the rest of my portfolio is in USD. Altcoins could literally dump 70-80%. This is not FUD, it's what I see after hours and hours of deep analysis.

The risk is high and any warning is little. Good luck and stay safe. A storm is brewing, and it's closer than you think.