BTC

Colekaine

Feels good honestly, hopefully we see BTC find a new bottom this year before heading towards a new ath. The people who don’t wanted to believe in the 4 year cycle must be those who already filled their bags and get grouchy when it goes no where but up forever. “I got mine, fuck everyone else”. That is not in the spirit of why BTC was made. Some of us haven’t finished stacking yet and didn’t get the opportunity before now. You don’t want cheaper bitcoin? You don’t want to believe in a bit of predictably in this volatile asset space? Well I do, an asset that continues going up isn’t a good sign for me. I just want to stack more sats at a cheaper price before the last cycle that ever sees below 100k.

No-Setting9690

Crypsty man. FUCK PAUL VERNON. That bastard stole all users crypto and ran. Lost over 200+ BTC, a few million DOGE and a other coins. When I did the file to get anything for it, I had to some how prove i had it when I couldnt even log in.

crazyfool319

guys come up with a way BTC is related to the SpaceX IPO so you can get your pump too !!!!!!!!

Individual-Ratio8935

sell stock, buy BTC, buy debt, repeat. what could go wrong

Premium_Hunter

BTC down 32% on the 1Y chart. S&P up 27% on the 1Y chart. Hopefully it charges ahead in the next couple years and outpaces the market. It's annoying watching my portoflio down when I could have thrown it in almost any of the bullshit growth stocks and been a winner over the last year.

Revolutionary-Cup78

The post is clearly about BTC. BCH has almost all the same shortcomings as BTC, it is also not a suitable currency. Being better at something doesn't mean sufficient

groundkittenbeef

2017-2019 I ran 49 miners at peak. 9 in the house and the rest at colos across the US. Felt like a full time job keeping them all up and running. I shut down when my first child was born and had to repurpose the room to her nursery. I don’t regret mining as I learned quite a bit, but I certainly don’t regret shutting down. Sold all my units except one S9 (nostalgia) and now use the electricity costs to purchase BTC instead.

Haunting-Loss9410

When BTC hit roughly $15.5k–16k in November 2022, the previous cycle ATH was: * Previous ATH: ~$19,783 * Date of ATH: 17 Dec 2017 And the low was: * Cycle low: ~$15,479 * Date: 21 Nov 2022 So BTC fell about: * -$4,304 below the previous ATH * roughly 21.7% below the 2017 peak

joos_hubert

For BTC, 2.5% is only interesting if the risk is extremely boring and clearly explained. The question is not "is yield nice?" The question is what changed compared with just holding your own keys. Is there lending risk, custody risk, rehypothecation, lockup risk, insurance fine print, withdrawal limits, or some external strategy behind the vault? If the answer is basically "trust Kraken and read the terms," that may be acceptable for some people, but it is not the same thing as cold storage plus free yield. I would want to know exactly who is paying the 2.5%, why they are paying it, and what happens if everyone wants out at once. For a core BTC stack, a small yield has to clear a very high bar.

Present-Ad-9703

You’re not overthinking it at all. Holding BTC is easy now, actually using crypto outside exchanges still feels way too fragmented for average people.

Aerocryptic

I've been invested since 2015. And I've never wasted a bubble since. Sold late 2017, bought back in 2018. Sold in 2021, bought back in late 2022. And sold late 2025. Not perfectly, made some mistakes but my PF is outperforming BTC and that's all I care about. But yeah I'm probably an idiot with so many garbage takes to cease the opportunities to grow my stack. Or maybe you don't understand how to treat a volatile market like crypto. GGWP I'm out of here, you're fkn clueless

PresaleRadaar

Is it really worth it to buy BTC from here?

Aerocryptic

And what value do you bring yourself exactly? How ironic. Projecting once again. But let's take your BS at face value. So everyone's bearish. Great, now what? If you're bearish now, you're a bit late if you planned to sell. I sold the majority of my stack when BTC was above 100K btw. Are we looking forward to what's the best thing to do with our money or we're just complaining like NPCs? Seems like you've chosen your side.

Interesting_Loss_907

That’s a different topic. OP said it’s overly complicated to use BTC on-chain. It’s not. It’s simple & easy to use & you can send or receive BTC in a matter of seconds on your phone. Now if you’re talking about taking out collateralized loans, of course that’s not as simple. If you do a business UCC or a mortgage on a property to borrow money that’s also a process.

WorriedBed4817

What about the bitcoin maxis like Strategy? Are their buys doing nothing for long-term BTC gains?

harpocryptes

You need to wrap BTC if you want to be able to borrow against it (i.e., get some fiat to spend without selling BTC) in a non-custodial way.

Yag3r_

BTC absolutely does break below its previous cycles ATH. It would actually be an outlier if it *didn’t* do it this bear cycle.

boomerangthrowaway

I’m guessing they did this at this specific time to obtain a certain amount of tax relief - and it’s probably not that big of a deal otherwise. News in crypto is slow and there is just not a ton of interest in general public on crypto outside of learning who’s grifting who at this point. The orange lunatic has pushed everyone to think that it’s meant for scumbags and the rich now 😂 Everyone has known for a long time that they will eventually have to sell some of their BTC - as they’ve entwined themselves with it far too much at this point not to. It’s the entire point of their existence now, to act as a “position” until bankruptcy or something wild happens and it works out for them somehow 😂

ARoundForEveryone

Bitcoin doesn't *require* exchanges or hardware wallets or bridges or multiple chains. Those things exist to enable the interoperability of Bitcoin with the larger crypto space. But if all you care about is Bitcoin, none of that is necessary. You don't need any of that if your only currency is Bitcoin. Just like, for now, I get paid in USD, invest USD, and spend USD. I guess I pay some minor attention to it, but in general, I don't care about the Euro or any other currency other than the US Dollar. Is that wrong? If not, what's the difference between that scenario and BTC (or any other coin/token)?

Epictricker2025

And then what next? The long term uptrend it maintained since it's beginning will be broken in that case. It would have to correct for years. BTC never broke below a previous cycles ATH before.

inphenite

I was early. Still am. Like actually early. I’m pretty sure we’re going to see ridiculously explosive moves within the next 1,5 year. BTC moves in paradigm shifts. I’m a complete macro nerd/nut, and we’re close to one.

Revolutionary-Cup78

yeah, but if you do that the transaction ends up being drastically more expensive. With BTC using at least some form of layer 2 is a must for frequent transactions.

liftcookrepeat

You're not overthinking it. Holding BTC on an exchange is easy, actually moving it around starts exposing all the infrastructure underneath. Most people only realize how many steps exist once they leave the exchange bubble.

jaex

Yes, I want to buy your BTC at a discount

Large-College-4772

BTC is based on nothing, so it is likely to go up, down, or stay the same.

liftcookrepeat

BTC getting back to ATH in 12-24 months is possible, ETH feels less certain right now. You already did better than most by taking real gains before. I’d just make sure your sell targets still fit your goals, not emotions.

Epictricker2025

ETH looks done to me honestly. For BTC it depends. If BTC breaks way bellow 58k before next October it's probably also done. If it chops down to 58k slowly until October, then there's a chance it could come back strongly next year.

ricoimf

Nobody cares who really believes in BTC

DankShibe

Alts 70-80% down since inauguration, ETH 50% down , BTC 35% down .

InsightfulSilverHub

Your next goal is 1 whole BTC keep stacking enough is never enough if you can keep stacking there are still BTC to be collected.

DecisionBubbly5623

2.5% yield on BTC… what could possibly go wrong 😅

slickyeat

No, I had experienced a similar issue only a few months ago. I've been DCAing into BTC using this Coinbase account for years now. Every month I'd send login and send it out to the exact same address. The same address that's plainly visible from my account's transaction history. One day they decided to flag my address as being part of some scam. There where a bunch of addition prompts I had to go through in order to authorize the transaction. When I contacted their customer service for clarification they told me that I had to resubmit all of my information which I never bothered to do because my photo ID is currently expired and I don't want to deal with this bullshit. I tried again a few weeks later and the address is no longer flagged so it's business as usual. There is no fucking chance I'm ever moving more than a few grand back onto this exchange.

tiagoffernandes

“Bitcoin wallets, wrapping, bridges, moving across chains, gas tokens etc.” Only the wallet is required, not sure why you’re using the rest to send/receive BTC. But still, the reason why it is (just slightly) more complicated than fiat, is because there’s no 3rd party providing a service to you. … and that is a good thing!

Vinnypaperhands

Yea that's kinda the point. BTC is an actually commodity you control. Having gold ETF or a claim to gold is owning nothing. Moving paper claims of gold around is not the same as moving BTC around.

NonVideBunt

Could go up, could go down. I’ve personally sold a lot of my BTC investments. Made a lot back in the day and got lucky, I’m not so sure about the future of BTC. Keep a small amount but I’m done buying.

MediumLibrarian7100

The point is number didn’t go up, there’s an alt season index on CMC that literally measures the performance of assets outside of Bitcoin and we didn’t see BTC dom fall of for any significant length of time this cycle because of this reason outlined above. Only trying to help, ignoring it won’t make it go away or bring back the old structure.

Interesting_Loss_907

IKR? No idea what OP is talking about. You don’t have to deal with any of that to send or receive BTC on-chain. You can do it in seconds on your phone. I use bluewallet & it works great.

WhaleWilliam

The only reason BTC has such good price stability is because a growing amount of the supply is lost over time making it equivalent to being burnt. Usually this starts with the older wallets which tend to hold more money. Every year another person looses access to a wallet from 15 years ago. So the very thing you're asking is what lends Bitcoin it's success

Interesting_Loss_907

Why do you think you’d need to learn complicated steps & “wrapping, bridges & gas tokens”? You literally don’t need to do any of that to use BTC on-chain. If you just use bluewallet or another good mobile wallet app you can send or receive BTC in seconds, right from your phone. And btw there are no “gas tokens” in BTC.

Sufficient-Rent9886

nah you’re not overthinking it, the gap between buy and hold BTC and actually interacting with crypto infra is still huge for normal people. once you leave the exchange bubble suddenly you’re dealing with networks, confirmations, address formats, bridge risk, signing approvals, and hoping you didnt click the wrong chain by accident lol. i work in crypto all day and even i still triple check stuff before moving funds sometimes. honestly a lot of the current UX still feels like using the internet in the late 90s, powerful once you learn it, but definitely not intuitive yet for most people.

InsightfulSilverHub

Dont let these bears frighten us bulls we must not prevail ✊🇺🇸🦅BTC to MARS 🚀

Imaginary-Tour4481

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ConsciousSkyy

BTC is money it doesn’t need revenue. If you don’t get that then that’s on you 😂

Evening_Economics358

In Austria some banks wont take money from exchanges, I think they do it coz they already know that Fiat money is inflationary, and BTC is deflationary. In my opinion this is a really bad thing I have changed my Bank account coz my old bank account doesn't take the money from e.g. binance. Banks are only gangsters who wear suits and take money only for storing it on the bank account number which belongs to me. I really hate the bank system, it's corrupt and they don't care about their customers

SeaworthinessFast161

Not sure what you mean by “DCA from time to time”. DCA implies a regular cadence. But in any case: yes. Two reasons: 1 - price is still down and projected to continue down for a bit 2 - if your goal is to hold BTC you should DCA regardless of price

xxALLARKxx

You can use BTC natively on our Marketplace OP. 

DarthBen_in_Chicago

Is this for on-chain zaps or for stores who don’t want to run BTC Pay server for example?

Patient_Craft2195

Holding BTC = easy. "Using" BTC = depends entirely on what you mean. Send/receive? One wallet, one address, done. Lightning? Genuinely smooth now. But wrapping/bridging/cross-chain? That's not Bitcoin being complicated — that's DeFi being a UX nightmare on every chain. Real question: what are you actually trying to *do* with it? Because half the steps you listed you probably don't need.

CompetitiveDrawing89

you sound like scammer, send BTC to this address or I will destroy your computer.

Realistic_Client7500

Atleast he can now use his BTC to pay for bills with Kazepay

LegendaryJohnny

I was in 20s when crypto arrived. I am in my 40s now. We are early boyz. Maybe when we r in 60s BTC will be actually used for something 🤣

Patient_Craft2195

Both are spot Bitcoin ETFs holding actual BTC, so you're really choosing between two nearly identical products. The two things that differ: * **Fees:** BITB (Bitwise) is 0.20%, IBIT (BlackRock) is 0.25%. So BITB is slightly cheaper. * **Liquidity/size:** IBIT is the 800lb gorilla — close to $100B AUM, by far the most liquid Bitcoin ETF, tightest spreads. For a buy-and-hold 401k position, that matters less than for active traders, but it's the reason most people default to it. For a long-term 401k hold, honestly either is fine. If you want the lowest fee, BITB. If you want maximum liquidity and the BlackRock brand backing (matters to some for institutional trust/longevity), IBIT. The 0.05% fee gap on a retirement hold is real but small. One thing to check first: not all 401k plans even offer these — confirm BITB and IBIT are both available in your plan's brokerage window before agonizing over the choice.

WastelandOfConfusion

He knows BTC is going to $20k.

Pathbauer1987

So, the ledger doesn't work to track your BTC?

hypersignals

macro tell today is the BlackRock ETF print. $528M of outflows in 1 day, the 2nd largest on record, and BTC sliced under $73K at the same time. That is not a chart-driven move, that is allocators trimming risk. When the ETF flows turn that fast, the levels people draw on the daily chart matter way less for a few sessions because the marginal buyer or seller is sitting in BlackRock or Fidelity, not on Binance. Worth watching the next two ETF prints. If outflows keep up, the macro tape is in control and you fade rips. If they flip back to inflows under $73K, the chart starts to matter again.

trillionSdollarstech

and those with a fixed supply: BTC and XLM

314_999

BTC is the king without clothes.

TACHANK

Same. Looked at the Eth/BTC chart recently and decided to cut my losses and swap to btc while it's tax free. "Don't sell now, the ratio is at its lowest ever point!" Well yeah you could've said that every year and still it keeps steadily declining.

GooodNiightaringding

This argument comes up every time no matter how many times it's disproven.  Yes, standard everyday critical security like TLS depends on the same protocols that will be broken, and I **absolutely guarantee you** that no normal person will ever notice the switch to PQ cryptography in their phone, browser, banking etc. *But for the 100th time, you cannot do that with Bitcoin*. There is nobody who can just switch out the underlying protocol without users even being aware. Even if the Bitcoin community as a whole agrees on a PQ replacement for the Bitcoin wallet and transaction signing, every single user still needs to manually switch to the new architecture and everyone who doesn't switch will end up getting hacked eventually. Including Satoshi's wallet, which would likely crash the BTC price. How to proceed with that is not trivial no matter how you look at it. Tough choices will have to be made. But most importantly idiots like you need to stfu and trust that the adults in the room come up with a good solution.

TripTryad

I understand your skepticism, but the OP is telling the truth. The only thing thats odd is that they are doing it for small amounts. I had this happen in the previous bear market (apparently thats when they started doing this in large quantities) but it only ever happened when I was moving several hundred thousand USD in transactions. It didn't matter what type of transaction, they would lock you for 2 to 4 weeks before you could do any sort of transaction OFF of their platform. You could trade on coinbase itself though just fine. For reference, I have a maximum verified account, and I have had my account since the GDAX days, looooong before Coinbase itself even offered altcoins. We are talking about the days when all they carried was ETH, BTC and LTC. You cant have a more verified account than I have. And not even I was spared this runaround. But as long as I kept any amount of BTC/Fiat transactions below $100k then it seemed to be fine. I made reddit posts there on their subreddit if you just want to verify it by checking my profile. I only bother to say this to warn you so you don't end up in the same situation. Be careful with coinbase....

MoHawkCrypt0

BTC in 2017 still holding some luckily. Did stupid stuff like traded .75 BTC for the latest and greatest altcoins on Bittrex, most all of which proceeded to die in 2018 or so. fun

MediumLibrarian7100

You’re not wrong that earlier alt cycles had genuine excitement around new technology narratives, but the reason those narratives exploded so hard was because of the market structure and liquidity environment at the time. Back then crypto was far smaller, far more reflexive and almost entirely retail-driven. A handful of influential accounts and communities could collectively manufacture momentum because social media algorithms were different, there were far fewer tokens competing for attention, and capital actually moved on-chain through order books rather than disappearing into ETFs, custodians and institutional wrappers. I was chronically online in crypto for years and watched this transition happen in real time. Projects used to hand influencers massive unlocked allocations or pay them directly in BTC/stables because one coordinated push across CT genuinely could move price. Twitter was actually social media back then, not an engagement maximised news machine flooded with bots, AI slop and recycled narratives. Communities felt smaller and more organic so hype spread much easier and traders would front-run one another trying to catch the next run. That reflexive behaviour is basically what people later labelled “alt season”. The tech narratives mattered, but they mattered inside an environment where liquidity and psychology amplified everything exponentially. Now retail attention is fragmented, most engagement is fake or botted, MEV and automation dominate flows, and institutions absorb huge amounts of liquidity through ETFs and custodial products instead of letting it cascade through the alt market. At the same time influencers lost most of their actual power, which is why projects no longer pay them the insane money they once did. A lot of KOL campaigns today are basically just affiliate marketing wrapped in fake engagement. In many cases the influencer is now the exit liquidity rather than the guy farming the exit liquidity.

el_bentzo

Still wont disrupt the banks though. BTC wouldn't even be able to handle 3% of the population using it on a daily level and it would be a miracle if it even reached 3% usage (at least in the US)

Fun-Lingonberry80

If Bitcoin can successfully upgrade to quantum-resistant security, it would be one of the biggest technological achievements in crypto history. Protecting Satoshi’s coins and millions of BTC from future quantum threats is not just possible it’s necessary for long-term adoption and trust.

el_bentzo

Maybe back when it was emerging and gaining value and not as understood, but that was a while ago. They understand it now and even incorporate it into their own investment plans. They arent worried about it anymore. Yeah, its not BTC's fault but BTC didnt convince enough people to use it and even shot itself in the foot by limiting transactions and forcing Lightning to be their solution. So that totally is BTC's fault.

Maniac0815

Du hast Recht.Jetzt kommt trotzdem noch ein Aber.Wir verseuchen Defi mit Krediten die den Banken Einfluss geben.Wir wollten weg davon aber wenn du deine BTC beleihst baust du praktisch eine Brücke zum alten Finanzsystem.Jeder ETF ohne Spotkauf entzieht dem Kryptomarkt Kapital.Deine verliehenen BTC und die ETF machen das was eigentlich nicht so gut ist.Du gibst deine Coins oder halt Kapital aus der Hand zu einem Fremdverwahrer und diese akkumulieren damit und werden alles tun um den SpotPreis zu drücken um günstiger wieder ein zu kaufen

Salt-Collar1826

Where are you guys currently putting your BTC to work for yield? Right now I’m around ~0.14% daily, but I’m still looking into other options and trying to compare risk/reward between different platforms and strategies. Curious to know what people here are using lately.

TheMonkeyOfNow

Your “portfolio” is your main shackle. BTC is a first real move towards sovereign money. Buy in etf’s if you must but then self custody. A paper bitcoin is just as worthless as paper gold. Learn until you understand all I said above. It’s important to freeing yourself from the vampiric system and the vampires that feed off your energy through it.

colemusic1

You realise it is crypto. Theres BTC, which is crypto, then theres alts (everything **except BTC, which is still crypto.)**

colemusic1

IBIT is the genuine institutionalised ETF for BTC. Especially if using IBKR. Tightest spreads and most up to date flows with the highest net flows

baIIern

I actually did. Not SPY though, but a world ETF. Sold BTC a bit too early though

Wendellexpress

Might wanna follow the news 🗞️ about the Iran war. BTC crashing at the moment.

Medium_Change4574

Stocks dip 1% and BTC drops 5% BTC dips 1% and alts go down 5%

gad_E

There's no way to guarantee that any "burn" wallet isn't just a long-con by a very patient scammer. The only person who would know for sure is the creator of the wallet & people are historically full of shit. It also isn't accurate to claim $8.2M is gone forever when the value of BTC is variable..

KingoftheYous

https://www.reddit.com/r/AltScope/s/PVDK2i20Jq Someone made a big bet shorting $BTC. Seeing this post, I feel like that big bet is a little safer now.

quintavious_danilo

i mean BTC just dipped down significantly

justcurious3287

You have to think of it like a time machine. When it drops in price, it’s like buying in the years you wish you had bought it. Now’s your chance to get BTC cheap.

Jaded_Bullfrog3978

I expect 10-15 years in the future there will be extremely solid DeFi options, BTC holders will probably get loans for extremely low APY. Just not there quite yet.

OffbeatBat

Perhaps it is the government recovering scammers’ crypto. They can’t keep it or return it, so they burn it. Or Scammers themselves. It was easy to steal BTC back in those days. So the scammers have been using what they want of the whole stash since then but now are in imminent danger of being discovered. They got rid of some of or all of the remaining evidence.

MonsutaReipu

People just holding BTC aren't the ones suffering. Alts are being annihilated, especially smaller market cap ones. And god forbid you were holding any memecoins, those are down 90% or more. BTC dips 1% and alts go down 5%. BTC recovers 1% and alts recover 2%. This bear market has been a slow bleed on every single alt coin just draining the liquidity from the entire market while BTC crabs.

palebloodslayer

You can’t destroy BTC. However, you can destroy fiat

palebloodslayer

How is merchants not accepting it BTC’s fault?

pitalik

BTC is different from the rest of crypto.

Wolfkurt1

That’s good I hope never pas , that law is not good for nature of crypto , you delusionals keep saying good good no bro you are clueless, they will rule freedom of decentralized assets , do you all really understand decentralized ? Why BTC first place exist ?

HopiumTrump

In 2021, A Centoshi (0.01 BTC) was $600+ while a share of SPY was $440. In 2025, A centoshi was $1100-1250 when SPY was $600. If you think Bitcoin underformored the Stock market, you need to ask yourself why you didn't sell when a Centoshi could have bought you 2 shares of the Spy. From top to top, Bitcoin did not underperform the stock market as a whole.

SeaworthinessFast161

BTC in 2025

ThatInternetGuy

It won't move BTC because there were enough buyers or liquidity to absorb the sell order. But if it were 10x larger, it would have moved the market noticeably.

NoInterraction

I also have a wallet that I lost the access keys to and it is cold and dead, feel free to burn your BTC to my cold dead wallet all you want

enough_of_this_crap

Many saw bitcoin being slowly co-opted and they desperately tried to sound the alarm. They got met with ridiculous arguments by most of the BTC movers & shakers....... arguments that have now been proven by time to be.... ridiculous. It's going to get much worse soon, too.

devCheckingIn

His company moved a bunch of BTC to an exchange in prep for a sale most likely. He was probably trying to pump it so they could get a better sell price. This is what every big BTC owner is doing, but with Trump he's just in your face honest about the scam.

liviughg

You’re right that liquidity structure changed. But not in the way you expect; “there will never be another alt season” is too absolute and shortsighted 🤡🤡🤡. I smell rat (BTC maxi propaganda, the one true religion… 🤮) Liquidity didn’t disappear; it became selective. Instead of everything pumping, capital now concentrates into fewer winners. 🤑 AI coins already proved speculative rotation still exists. The old “all alts pump” cycle may be dead, but speculation in crypto is definitely not. Educate yourself!

Lord_Gudda

Wonder what kind of event could make BTC go from 74k to 30k. Satoshis wallet dumping combined with saylor? That or Russian and china declaring war on Europe & USA.

KCConnor

11.5% for a secured loan, secured by BTC of all things, is pure rubbish. If your credit is worth anything at all, you should be able to get an unsecured loan in 5 figures for under 10%. Yes you'll need to make scheduled payments to pay it off in fiat in contrast to a secured crypto lender that will just compound the debt and liquidate the collateral when you hit X% LTV, but I'd rather make planned fiat payments to compensate for a large strategic BTC purchase. Starts to feel real good, making $500 monthly payments 2 years in on an investment that is up 400%.

Lord_Gudda

Man BTC is really fighting that support wick from 23 may.

Serenaded

Anyone fudding this has a vested interest (Bitcoin) in doing so. Quantum Doomsday is absolutely real and it's going to come far quicker than people realise, USA (and obviously other global powers) are funneling money into R&D. They're also the same guys who just dumped BTC on you. It is not a question of "if" at all, it is "when", so position accordingly. No one is saying "if" anymore. As far as crypto goes when it comes to quantum, it's hard to tell what is the best project in a post quantum world. But I do know it will not be bitcoin, they're the only chain with that gets absolutely f--ked with this.

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Post is by: Animalverse and the url/text [ ](https://goo.gl/GP6ppk)is: https://animalverse.social/community/p/36010/ Another Set of Long-Silent Bitcoin Wallets Move Millions During BTC Decline With bitcoin down roughly 2.8% over the past seven days and the price touching a weekly low of $74,530 per coin, sleeping bitcoin wallets continue to awaken and relocate long-held funds. At block height 951160, 103.96 BTC valued at $7.8 million at current exchange rates moved for the first time in more than 12 years. https://animalverse.social/community/p/36010/ \#Bitcoin #BTC #Crypto #Whale #Coinbase #Blockchain #BTCNews #CryptoMarket #HODL #OnChain *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

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Post is by: soulstream4dayz and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1tpnkbr/how_to_tell_a_short_squeeze_from_a_real_breakout/ So I was watching ESPORTS yesterday and the move was kind of confusing at first. Low volume day, BTC down, only like a quarter of perps green. then ESPORTS rips 13.9% in the middle of all that. easy assumption is "okay this is breaking out", trade it like a normal breakout. But the data underneath was telling a different story as volume was through the roof, like 7.9x what its been doing on average. Fair enough, big move equals big volume. but open interest went DOWN 6.95% during the same window. thats the part that matters. if it was a real breakout, new people would be opening longs and OI would be climbing. instead OI was falling, which means shorts were closing out, not new buyers piling in. shorts buy back to close their position. That buying drove the candle, not real conviction. Twelve hours later it was up another 25%. multi leg short squeeze. Happens because the first wave of cover buying triggers more stops, which triggers more cover buying, until positioning fully unwinds. The actual trade lesson is that a breakout and a squeeze look identical on the candle but the geometry is opposite. Breakout = you can buy the first pullback, OI is still building, the move has fuel. Squeeze = by the time you can see it clearly the easy money is gone, chasing it usually means buying the top of an unwind. Heres how I actually check now before pulling the trigger: | | squeeze | breakout | |---|---|---| | price | up | up | | OI | falling | rising | | volume | massive | elevated but not crazy | | funding | flipping from very negative toward zero | building in the same direction as price | | spot vs perp | perp leads | spot leads | Simplest version: just check OI direction. if you only have time to look at one thing besides price, look at whether OI is going up or down. Everything else just adds conviction. Few mistakes I made early on: - Looking at OI by itself. OI going up isnt always bullish. depends on what price is doing. You need both. - Trading off funding extremes alone. Coins can sit at extreme funding for days without doing anything. Funding being negative isn't the trigger. - ignoring the broader market. a squeeze in a strong tape extends. Same setup in chop mean reverts way faster. Anyway. Happy to talk about specific examples if anyone has a chart they want to look at. Tape lately has been weird, curious what setups other people are watching. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

devCheckingIn

There is a ton of BTC being pulled from the ETFs. Even Saylor's buys can't keep up with that.

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Post is by: Kurosaki56843 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1tpmeal/crypto_was_supposed_to_make_banks_obsolete_what/ Maybe I'm getting old but I remember when the whole point of crypto was to not need a bank, to stop asking permission to use your own money. No more 3-5 business day transfers, no more overdraft fees, no more manager deciding if your wire looks sus today. That was the pitch and why I got in. But it seems somewhere along the way we lost the plot. Now half this space loses its mind every time a bank CEO says something mildly positive. Jamie Dimon calls Bitcoin a fraud for a decade, threatens to fire his own traders for touching it, lobbies against every piece of crypto-friendly legislation he can - then pivots to tokenization has a future and suddenly he's a visionary. These are the people who tried to bury this thing. They didn't have a change of heart, they just realized they can't kill it so now they want a cut. And we're letting them in. ETFs put a custodian between you and your Bitcoin. Stablecoins increasingly need bank partners to exist. Most "crypto products" just reroute your money back through the same legacy pipes with a blockchain receipt stapled to it. We're rebuilding the exact system we were supposed to escape. Real adoption to me is pretty simple - when did you last actually need your bank for something? Not out of habit, genuine necessity. Because I look at my own situation and honestly can't give a good answer anymore. Been using Nexo for a couple years, tried Ledn too for a bit - the money just sits there working instead of rotting in a checking account, and when I needed a bigger chunk of cash last year I just borrowed against my BTC instead of selling it. Didn't have to explain myself to anyone, no approval process, done in minutes. That's closer to the original idea than anything Jamie Dimon has to say about it. Anyway, not trying to be preachy about it, just find it strange that the milestone we celebrate is a banker's approval rather than making bankers irrelevant. That was always the goal wasn't it? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

JerseyJimmyAsheville

Traditionally, BTC has always surpassed its ATH by the next halving event, so that means we should be back to $126K in another 21 months from now. The cycle says will hit cycle lows in October, but this bear cycle seems to be stretching out to 13-14 months instead of 12 months. Although we are about 40% down from ATH’s we are lagging the bear cycle by almost 2 months at this point. Only time will tell if the cycle is still in tact.