Is the Bitcoin bull market coming to an end? Macro expert Luke Gromen suddenly turns bearish, with reasons that hit the nail on the head!
Oh dear, the crypto world is going to be a headache again! On December 20, Luke Gromen, founder of Forest for the Trees and macroeconomic analyst, dropped a bombshell on the podcast "The Monetary Matters Network."
This guy is a die-hard fan of Bitcoin, having made large purchases below $30,000 from the end of 2022 to the beginning of 2023, and hasn't sold a single coin since.
But now? He's actually turned to a short-term bearish outlook on Bitcoin! This sudden shift makes one wonder: Bro, what are you thinking? Luke Gromen doesn't just talk casually; he has a well-reasoned analysis, starting with the "twin brother" relationship between Bitcoin and tech stocks.
You know that Bitcoin's rise and fall often follows the tech stocks on NASDAQ. But he points out a key issue: the bottleneck in the future AI war isn't chips, but electricity! Semiconductors might be fine, but if there's a power shortage, the entire tech sector will be shaken.
So what’s the result? Bitcoin, this "digital gold," is also suffering, and the trend doesn't look optimistic. Just think about it, AI is booming, but if there's not enough electricity, won't everything just go cold?
The second reason is even harsher, directly targeting Bitcoin's core status. He observed that Bitcoin has yet to truly outperform gold. Gold remains stable, while Bitcoin is still spinning in place. Even worse, the future liquidity environment is super awkward: either there will be "nuclear-level money printing" or a strict tightening policy.
Without money entering the market, how can crypto prices soar? When Luke Gromen says this, many bulls are likely to clutch their hearts. Finally, he throws out a sci-fi level threat: quantum computing! This could become Bitcoin's nightmare within 2 to 9 years.
Once quantum computers are in play, breaking encryption algorithms won't be a dream, and then Bitcoin's security myth will collapse. It sounds like a movie plot, but Luke Gromen is quite serious; this is no joke. Oh, by the way, he also specifically mentioned Tether as a "barometer."
Tether has been quite active lately, investing in AI and gold, and their balance sheet shows that their gold holdings are actually larger than Bitcoin! What does this mean? Everyone, let's talk about #加密市场观察 in the comments.
Volume: Recent daily candles packing heavy volume (last one hit 580M), price pushing up on solid buying → real buyer conviction here.
Capital Flow: Short-term frames (5m-12h) showing net contract inflows, fresh buying coming back. But 24h has mild outflow (-407k), so longer-term still needs caution. Overall, short-term momentum leaning bull.
Verdict: Cautiously long, play a bit aggressive.
Entry $LUNA2 : - Safer: Buy near key support 0.1044 (24h low) - Aggressive: Wait for breakout above 0.1164 (24h high) with volume confirmation
Stop Loss: entry 0.1044 → SL 0.1008
Target: 0.1220 (old resistance)
Keep position size reasonable, market’s still choppy out there! ⚡#LUNA #LUNA2 #LUNA2USDT
BTC options are oversold, and the annualized return on dual currency investment is much lower than before!! $BTC bullish Send 1000 red envelopes $BNB : Comment: 1234
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@$BTC @ O Allah, to You belongs all praise and thanks. List of Leading Content Creators, Rank 34. This achievement is not mine, but yours; we continue with you and through you. Thank you to everyone who supports us and honors us with your interaction. The answer is AR PUMP.
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Selling volume still dominant (e.g. 322M at 1.3260 low), rallies on weak volume → clear selling pressure. Latest candle volume dropped sharply to just 134K, hinting at potential exhaustion.
Capital flows: Heavy futures outflows (-24M USDT, likely whales closing longs), spot milder (-3.36M USDT). Short-term inflows exist but not enough to flip the trend yet.
Short-term view: Cautiously bullish, eyeing a tactical bounce.
- Entry: Near 1.3260, best with reversal candle + volume confirmation - SL: 1.2850 - TP1: 1.4743 (~7% from support) - TP2: 1.5498 (~12%) on break higher
When the news of Binance launching a Chinese token broke, the entire crypto world erupted. Many people focused their attention on #币安人生 , but in my opinion, this is definitely the least likely option!
Big Brother's vision has never been limited to the small fights represented by the words 'Binance', but rather looks at the prosperity and future of the entire blockchain ecosystem.
Let's trace back to the roots — without Satoshi Nakamoto, there would be no Bitcoin emerging out of nowhere; without Bitcoin, there would be no grand blockchain wave; without the blockchain wave, there would be no Binance exchange standing at the pinnacle of the industry today, nor would there be Zhao Changpeng's present.
Satoshi Nakamoto is the creator of the crypto world, a symbol of fairness, and a totem of belief in the hearts of countless people. The community consensus he has gathered is unmatched by any token.
Therefore, if Binance is to launch a Chinese token, choosing Satoshi Nakamoto would be a brilliant move that seals the deal! This is not only the highest tribute to the creator but also a key action to leverage the consensus of the entire crypto world and initiate a new cycle of great prosperity in the ecosystem! #币安人生 #哈基米 #恶俗企鹅 {web3_wallet_create}(560xa865a3ad1681718aa9d65c9b160576161bd24444)