STH profit expenses start to decline in Bitcoin. 🚨
This pattern of reduced local profitability among short-term participants usually marks an exhaustion point in the microstructure.
That’s why, over the past few days, I’ve been talking about caution regarding FOMO.
Many "analysts" who left their followers with +40% gains have started capitulating, saying they "were wrong."
Retail that follows narratives and news probably boosted this last push higher quite a bit.
Possibly entering late into the trend and buying the move already at exhaustion.
It wouldn’t be surprising to see Bitcoin weaken for a few days/weeks, even though it could still give one last gasp in the short term.
This pattern of reduced local profitability among short-term participants usually marks an exhaustion point in the microstructure.
That’s why, over the past few days, I’ve been talking about caution regarding FOMO.
Many "analysts" who left their followers with +40% gains have started capitulating, saying they "were wrong."
Retail that follows narratives and news probably boosted this last push higher quite a bit.
Possibly entering late into the trend and buying the move already at exhaustion.
It wouldn’t be surprising to see Bitcoin weaken for a few days/weeks, even though it could still give one last gasp in the short term.
