Seeing Strategy's numbers swing from a $13 billion loss to a $1.4 billion profit is a powerful psychological story that only old bears like me can truly understand. In January 2024, when Spot ETFs were approved, everyone thought the sky was falling when BTC dumped to $38K after rising to $49K. But if you look closely at the flows, that wasn't the end—it was a washout phase that shook out investors with weak mental fortitude. The market is different now. BTC is holding around $83,439.86, far above its old highs and ready to break through into a new stratosphere.
Market makers (MMs) are using news of institutional profit-taking to tempt retail traders into thinking the rally is 'over,' creating a false sense of security while they accumulate a massive amount of supply before the real move. Remember March 2024, when BTC hit $73K, euphoria peaked, and funding rates soared? What happened next? An 18% correction in a week wiped out dip buyers. Right now, the euphoria isn't quite there yet, but accumulation pressure is clear from the way prices are holding firm despite 'short-term profit-taking' news.
Never trade against smart money. When institutional money signals profit-taking to manage a fund, it's often preparing for the next big move by sweeping short-term liquidity before pushing prices straight up. Right now, liquidity below the nearest support at $81,500 is exceptionally dense. MMs need to sweep this area for liquidity before pulling prices up to the $88,200 target and the more ambitious goal of $92,500.
Anyone still sitting on the sidelines might as well have missed the bus. This isn't the time to place a limit order and wait for a deep dip, because the current bullish trend is too strong. I recommend considering a Market Buy at the current market price of $83,439.86 to catch the momentum right away. Don't be afraid of getting caught out—FOMO hurts more right now than getting stopped out once. Set a strict stop-loss at $80,800 to protect your capital if the liquidity sweep fails. Be cautious, but you must have a position.
$BTC #BinanceSquare #CryptoNews #Bitcoin
Market makers (MMs) are using news of institutional profit-taking to tempt retail traders into thinking the rally is 'over,' creating a false sense of security while they accumulate a massive amount of supply before the real move. Remember March 2024, when BTC hit $73K, euphoria peaked, and funding rates soared? What happened next? An 18% correction in a week wiped out dip buyers. Right now, the euphoria isn't quite there yet, but accumulation pressure is clear from the way prices are holding firm despite 'short-term profit-taking' news.
Never trade against smart money. When institutional money signals profit-taking to manage a fund, it's often preparing for the next big move by sweeping short-term liquidity before pushing prices straight up. Right now, liquidity below the nearest support at $81,500 is exceptionally dense. MMs need to sweep this area for liquidity before pulling prices up to the $88,200 target and the more ambitious goal of $92,500.
Anyone still sitting on the sidelines might as well have missed the bus. This isn't the time to place a limit order and wait for a deep dip, because the current bullish trend is too strong. I recommend considering a Market Buy at the current market price of $83,439.86 to catch the momentum right away. Don't be afraid of getting caught out—FOMO hurts more right now than getting stopped out once. Set a strict stop-loss at $80,800 to protect your capital if the liquidity sweep fails. Be cautious, but you must have a position.
$BTC #BinanceSquare #CryptoNews #Bitcoin