Oddbean new post about login | logout Yesterday saw one of the highest single-day profit-taking events in #Bitcoin history, with over $10.5 billion realized. Despite this, incoming demand absorbed it entirely. Weak hands are exiting while strong hands continue to accumulate. Extremely bullish signal. https://image.nostr.build/e7c91b97c0926aa6a8f25a3f45b59e9449ce20d59e61eb12634aa3aec93ce473.jpg
Dudes be like #laserraytill100k and then sell their Bitcoin at 99.3k to BlackRock. NGMI. nostr:nevent1qqs85xhm3ezagh28wp4flpd9et99z22y25agyvv0x023f4rft5vjmugpzpmhxue69uhkummnw3ezumt0d5hsygrmny0hwmgymp7tt4p9j6yps7jjpa40c94jhxkjdkkxhrh8ds5yp5psgqqqqqqsh7ufm5
Sorry, I'm a noon. What does it mean?
You're not a noon
Send it over the weekend and let Wall Street have to catch up come Monday.
Besides the fact that everyone wants to see #Bitcoin blasting through100k, it seems plausible that some are selling before reaching that mark. Many people believe they’re smarter by taking some profits before others. Combined with the little PA yesterday (due to absorption), I start thinking of a way heavier reaction to the upside once reaching the 100k: - Many profits have been taken before - High demand - Less liquidity on exchanges - Probability of seeing way more big players soon Patience is key.
Fascinating isn't it I had assumed we'd have a huge sell wall at 100, with massive resistance But at this point, it feels like it's going to hoover it up as if it's breakfast, and head right on for 120k at lunch. 150k for xmas dinner?...
124k for XMas.
It’s all the “smart” fuckers that think they should set their sell a hair under 100k because the “dumb” traders are all going to try and sell at 100k even and get burnt… 🤣🤣🤣 #fookineejits I’m with you Carl, when the tail have finished being “smarter” than MSTR and Blackrock, the fiat bullishness indicator is going to go north very quickly
Gm More sats accumulated just below 100K
