$BTC Quick weekly trading recap. Anything notable this week? https://t.co/i4tn7WDv04
$BTC Quick weekly trading recap. Anything notable this week? https://t.co/i4tn7WDv04
2 losses, 2 wins. But RR has made everything simple.
🚨 MASSIVE $13B BTC OPTIONS EXPIRY!
A historic $13 Billion in Bitcoin options is set to expire on June 26.
Bearish Edge — Puts hold a significant $1B–$3.4B advantage over calls.
Is a major volatility shock on the way? https://t.co/y5bAJmYsSO
They’re shaking all you paper handed weasels out of your positions and when the dust finally settles only the laser focused hodlers with deep conviction will be left holding Bitcoin.
This is the most exciting time in Bitcoin. The opportunity for outsized returns has arrived.
We're in the same spot in the cycle as COVID 2020.
Same macro conditions. Same spot on the Power Law: lowest possible band.
We can't go meaningfully any lower.
The only difference? Most people don't realize we're mid-cycle.
They think this is the 4th-year bear.
So unlike COVID, where this band got bought back up almost instantly, no one's in a hurry now.
Most think they've
got all year to buy.
Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.