Honestly, this month has made me rethink something.
The market's drop isn't due to a shift in fundamentals; it's because the narrative broke.
Saylor sold 32 BTC, and from a high of $74k, we're now down to $64k.
Why? Because people weren't just buying $BTC; they were buying into the story of Saylor never selling. Once that story broke, confidence crumbled.
Then today, SpaceX went public, the biggest IPO ever, and the stock market is on fire while $BTC is tanking.
Money is voting with its feet; this month, the traditional market has outperformed the crypto market.
But I noticed a detail: $XMR is up 10% today. Privacy coins are bucking the trend in this extreme panic environment, showing that there's still capital moving, just in a different direction.
How much exposure do you guys have left this month?
The market's drop isn't due to a shift in fundamentals; it's because the narrative broke.
Saylor sold 32 BTC, and from a high of $74k, we're now down to $64k.
Why? Because people weren't just buying $BTC; they were buying into the story of Saylor never selling. Once that story broke, confidence crumbled.
Then today, SpaceX went public, the biggest IPO ever, and the stock market is on fire while $BTC is tanking.
Money is voting with its feet; this month, the traditional market has outperformed the crypto market.
But I noticed a detail: $XMR is up 10% today. Privacy coins are bucking the trend in this extreme panic environment, showing that there's still capital moving, just in a different direction.
How much exposure do you guys have left this month?