BTCUSDT20240307C57750
Bitcoin / Tether USD Mar 7 2024 57750.00 Call
crypto

Crypto Fear at Extreme Levels: Mega Wallets Shorting BTC/ETH at -0.5

The ETF divergence is the useful part here; if BTC outflows keep growing while ETH still takes inflows, that says more about positioning than a single risk-off headline. I would watch whether liquidity stabilizes after the geopolitical shock before reading too much into one daily move.

Its not hard. You short BTC right now with leverage.

Strategy just sold Bitcoin for the first time since 2022: 32 BTC ($2.5 million).

So my uncle recently discovered Bitcoin. Like, really discovered it. Like... he bought a pretty significant amount almost immediately, such a classic new guy move lol. He's been texting me nonstop ever since, and I am having difficulty keeping up lol.
I pointed him toward a few things people usually start with where he could actually do something with his holdings besides just hold and stress. He bounced around a few apps, couldn't really get any of them to click for him. He landed on Nexo of all things, idk why that one specifically but something about it just made more sense to him I guess. Said the app didn't stress him out which… low bar but ok.
He's already got some card through them and is doing some loan thing with it against his BTC instead of selling, which honestly is probably better for him even if he doesn't fully get why yet. He literally said that he is still trying to wrap his head around how he “gets to spend the same thing he bought without selling the thing" and I was like… sure man whatever works for you I guess.
Idk I thought it was kind of wholesome watching someone his age figure this stuff out in real time and I wanted to share. Also it's slightly chaotic but that's just him lol. I never thought that being the crypto guy in my family can bring so much responsibility fr lmao.

I’m not really into trading, especially not perps. I just buy spot and HODL (BTC) or stake (ETH).
But I see that Hyperliquid is doing very well. But why isn’t lighter as big? And why can’t L2’s compete with hyperliquid when tps is pretty fast now?

BTC current state for a new investor: Get in or not?

BTC slipping below 74k while equities lean on AI is a weird risk signal

this feels very strange, do you feel the same like BTC had fake bullrun or what?

Remember my post about BTC news trading being dead? I dug into SOL/LINK and actually found a 15-minute latency window

Yeah its been wild to watch the MSTR baggies on this one.
"it wasn't that many coins!" "he buys more man!"
Yeah I mean it isn't that much, the question is WHY?
The fundamnetal model is to issue debt to buy BTC, at literally anypoint selling BTC below the debt funded to original buy is setting cash on fire. Or if you want to use their made up accounting, non-BTC-accretive.
His strategy only fucking words if numbers up always.

Michael Saylor spent years building his reputation around never sell Bitcoin, but now Strategy has sold Bitcoin for only the second time ever. The official explanation is balance sheet management and improving bitcoin-per-share metrics. But what do you think is actually behind this move? ...is it simply smart corporate financeas they said? ...preparation for something?....or are people reading too much into a sale of just 32 BTC? I´mgenuinely curious what the community thinks.

My take on ETH right now. Please tell me if I’m wrong. (BTC main mover)

This got murdered in 2017 and every consecutive chain congestion. That also changed the narrative. The last hype cycle didn't even show up on chain it was all done via custodians. The p2p narrative is lost on BTC forced out by the crippling. We are doing it again with Bitcoin Cash though.

So, gambling is the use case? BTC doesn't produce anything so it is a zero sum game someone has to lose for you to win.
Also:
>This model involves locking bitcoin with a custodian
🤦‍♂️.

BTC bottoming at $30k? 🤣 That's funny.

BTC Keep Moving Down

NDX is grinding 30.6k while BTC is bleeding sideways — anyone else hedging crypto with index perps?

BTC isn’t the only alternative to fiat. Don’t let the echo chamber brainwash you into thinking that.

Would like to here your expirences with BTC.