GM

BTC keeps showing incredible strength. Congratulations to those who are making good profits!

I'm still out of the market for a few weeks now. At this point, it doesn’t matter if it reaches $98k, $99k, or if it goes above $100k. The local top could occur at any moment, and this movement could be fully retraced. Some of the reasons why I'm still being cautious:

-Sentiment is extremely bullish here. Retail is piling in massively, aping into memecoins. The memecoin rally feels overextended, and that's unhealthy. A strong correction is overdue, and it will likely affect the entire market.

-Trump is still not in power. The Democrats are still governing the country, and despite saying the transfer of power would be ''smooth and in a peaceful way'', they are already trying to provoke a big war. In my view, this is a desperate attempt to apply the martial law or/and leave Trump in a complicated position. By allowing and helping Ukraine to send long distance missiles into Russian territory, the situation is escalating. I don't want this to happen. Most people don't want this to happen. But sadly, it's not something we can control, because there are real psychopaths in the elite circles of control. We can just pray and adapt.

-Also, the U.S. government holds 208,109 BTC (currently $20.15B). They recently got approval to sell the Silk Road Bitcoin, likely through auctions or gradual sales. Honestly, it wouldn’t be surprising if they timed it to tank BTC prices and make the next administration look bad—or just to make sure they don’t leave those BTC behind for them to use.

-The dollar has been showing strength while BTC was pumping, forming a divergence.

-Many altcoins are showing weakness and testing major levels as resistance. It's mostly a BTC and memecoins run, which is never a good sign. Not ruling out a few final altcoins pumps, but if my thesis is right, they could dump 60-80% over the next few weeks.

The analysis is much more complex than this. These are just some of the reasons why I prefer to avoid being exposed to the market right now. I don't see this as a wasted opportunity or a 'missed train'. Sometimes, it's better to let trains pass and wait for the one that will safely take you where you truly want to go.

This is just my opinion and what I'm doing. Not trying to convince anyone.

Stay safe everyone.

Capo usually has some good thoughts. But somehow he is the bear that is always wrong. As soon as he becomes bullish, I will start taking first profits.

He is right, some coins have hit major resistances.
However, BTC has pumped a lot harder than many bears have thought.

I tell you to be careful of this 100k line.
As soon as we break 100k, this will go through the media and be the best advertisment for BTC.

You have to understand BTC, then you'll realize that he is wrong.

So many big states, companys - even countries have started buying BTC. This is why the chart looks like it does.

Retail is aping memecoins - some are. Not many BTC gains have even entered the Altcoin market.

A big BTC retrace would definitely cause a major dip. However, as long as BTC grinds upwards and the exchanges get lower and lower BTC, we are not stopping.

Alts are still undervalued. It would be a different thing if alts would be making ATHs. This is the time you start to wonder how much further it goes. We are still pricing in.

And the reason why we have low reserves is this massive bull flag.

Bears and noobs simply sold to new strong hands. Their positions are not BTC 15k, they are 50-70k now. This is why consolidation is important.

These people that sold their BTC ad 48k are now pumping the market because they fomo inverse.

$FIL

ATH is $500. Very likely it will never hit that again. But even $50 would be very nice :)

✅ Unusual Exchange Outflows
12,779.27 #BTC ($1,263,277,169)
aggregated outflows from multiple exchanges in an hour

1. Coinbase_prime 3,706 BTC (29%)
2. Gemini 3,080 BTC (24%)
3. Coinbase_advanced 2,449 BTC (19%)


Please note that large withdrawals from exchanges that don’t support custody solutions or OTC desks could be an internal transfer. We would change data if there is evidence of an internal transfer after investigating wallets.

View Chart | @cryptoquant_alert

This shit makes me bullish as hell

$XLM perfect rejection of first target.

$ICP last resistance, when broken -> big box.

🟢 #ADA Liquidated Short: $63.1K at $1.050

1200 at 100k

This is binance. Similar amount on CB

We have 12k daily outflows. I don‘t see a massive sell wall, yet.

$XRP broke out. Now towards $2

Wow, everything is starting to pump. With BTC below 100k prepare to see dips soon

Doge broke its last major resistance. Next step ATH. Seems like Doge is the indicator this bullrun.

If you ask me, most of the alts (aside from the ones that just 3-10xed e.g xlm xrp doge pepe etc.) are just hitting their levels that should have been the lows of this cycle. It is literally just correction of this overleveraged dump

Found this, I also like this chart on $LDO

3 charts, all giga bullish $LDO