📊🤔 #BTC Swissblock: This is what a real capitulation looks like. Massive realized losses, forced selling, systemic panic.
Terra/Luna, Celsius, FTX: each marked true on-chain capitulation, not just leverage unwinds and manipulation.
Terra/Luna, Celsius, FTX: each marked true on-chain capitulation, not just leverage unwinds and manipulation.
🇨🇳🇺🇸 #tradewars China says it will "fight to the end" if the U.S. wants a trade war.
📊 Santiment: marked with arrows the 4 most negative days since March, the last of which came on Friday after the US announced 100% duties on China.
In all of these cases, FUD took over because of world events that the market overreacted to. Smart traders bought up more while the crowd was in a panic on each of these dates.
In all of these cases, FUD took over because of world events that the market overreacted to. Smart traders bought up more while the crowd was in a panic on each of these dates.
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💸 #BTC Over the past 24 hours, ~$627M worth of contracts have been liquidated, of which longs have liquidated ~$425M and shorts ~$202M.
📊 #BTC Glassnode: the recent selloff occurred when >90% of BTC supply was still in profit, with most of the losses coming from large buyers. Unlike the FTX and Luna crashes, where less than 65% of supply was in profit, this was not a broad capitulation but a structurally different leverage driven event.
📊 #BTC’s one-day dip on Friday was sharp, but it’s the exception, not the rule. Volatility is still sitting in the bottom 10% of all weeks in the last decade.
Regardless of the headlines, Bitcoin simply isn’t as volatile as it was five years ago.
Regardless of the headlines, Bitcoin simply isn’t as volatile as it was five years ago.