The Bitcoin dominance is currently 53.28% after seeing an increase of 0.36% in the last 24 hours. Bitcoin's market capitalization is currently 1.34T. Down 2.22% in the last 24 hours.
IMO the reason that the spot Bitcoin price is staying flat even though there are huge inflows like we see in the new ETF's is because since the creation of these Bitcoin ETF's Wall Street now has the vehicle in which to do something called a carry trade. This is where hedge funds buy a lot of spot Bitcoin and then at the same time they are betting against Bitcoin in the futures market by selling Bitcoin futures contracts (shorting it) and creating selling pressure. This keeps a lid on the spot Bitcoin price, even if there is a lot of buying occurring. We can only hope that when this trade is executed by the hedge funds that it breaks and they get liquidated and we see a huge green candle on the spot Bitcoin price. A gamma squeeze would do the same thing. This is what happened in Gamestop (GME) and there were some hedge funds that had to close their doors due to the huge looses. I hope what happens here in the Bitcoin market is the same thing and that the suits get wrecked trying to manipulate the Bitcoin spot price. IMO, every time you fuck with Bitcoin it fucks you right back.
Those look delicious. We have 2 medium size (but very tall) cherry trees and the birds take them all. I find pits littered all around the yard. I gave up and just offer them up as a sacrifice for the rest of the garden. HaHa. I tried netting but its hard to do, it's ugly, and birds were getting stuck inside.
May I have your attention, please?
May I have your attention, please?
Will the real Fiatjaf please stand up?
I repeat, will the real Fiatjaf please stand up?
We're gonna have a problem here
Cause I'm Fiatjaf , yes I'm the real Fiatjaf
All you other Fiatjafs are just imitating
So won't the real Fiatjaf please stand up
Please stand up, please stand up?
'Cause I'm Fiatjaf , yes I'm the real Fiatjaf
All you other Fiatjafs are just imitating
So won't the real Fiatjaf please stand up
Please stand up, please stand up?
Ha ha, I guess there’s a Fiatjaf in all of us
Fuck it, let’s all stand up!
IMO the reason that this is happening is because since the creation of Bitcoin ETF's Wall Street now has the vehicle in which to do something called a carry trade. This is where hedge funds buy a lot of spot Bitcoin and then at the same time they are betting against Bitcoin in the futures market by selling Bitcoin futures contracts (shorting it) and creating selling pressure. This keeps a lid on the spot Bitcoin price, even if there is a lot of buying occurring. We can only hope that when this trade is executed by the hedge funds that it breaks and they get liquidated and we see a huge green candle on the spot Bitcoin price. A gamma squeeze would do the same thing. This is what happened in Gamestop (GME) and there were some hedge funds that had to close their doors due to the huge looses. I hope what happens here in the Bitcoin market is the same thing and that the suits get wrecked trying to manipulate the Bitcoin spot price. IMO, every time you fuck with Bitcoin it fucks you right back.
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