$BTC $SOL $ETH Review of yesterday’s market
Yesterday, I shared a strategy of shorting at higher levels, and the position is currently in profit. Yesterday was Black Friday, and with the Binance wallet hack, institutions were all selling. Spot BTC ETFs saw outflows of $409 million. Retail investors simply aren’t enough to buy the dip—not even counting the whales and institutions. The market has been ranging between 77,700 and 76,100. What’s the plan from here?
The hackers still have 500,000 ETH that they haven’t sold. If they sell, the price could plunge again. There’s also uncertainty around the midterm elections. Historically, markets have fallen during midterm election years, so I’m holding my short position firmly. If the price rebounds, I’ll add to the position. Those who haven’t entered can still do so.
#Uniswap and a16z seek DeFi tax exemption in Illinois
Yesterday, I shared a strategy of shorting at higher levels, and the position is currently in profit. Yesterday was Black Friday, and with the Binance wallet hack, institutions were all selling. Spot BTC ETFs saw outflows of $409 million. Retail investors simply aren’t enough to buy the dip—not even counting the whales and institutions. The market has been ranging between 77,700 and 76,100. What’s the plan from here?
The hackers still have 500,000 ETH that they haven’t sold. If they sell, the price could plunge again. There’s also uncertainty around the midterm elections. Historically, markets have fallen during midterm election years, so I’m holding my short position firmly. If the price rebounds, I’ll add to the position. Those who haven’t entered can still do so.
#Uniswap and a16z seek DeFi tax exemption in Illinois
