Took a break. Sometimes you need fresh eyes after getting chopped up.
Past few weeks? Painful. Everyone's fixated on the Anthropic IPO, Trump midterm fears, another Gensler-type regulator. Market's exhausted. Even after 7 years, I'll admit — this correction stung. I wasn't hedged properly on my lower entries. But zooming out, the impulse needed a reset. That's how it works.
What's interesting: attention's rotating away from $BTC into the Anthropic IPO, just like it did with SpaceX. $BTC bottomed right after that circus because everyone chased the shiny IPO and ignored the chart. Getting the same vibe now.
Technically and fundamentally, $BTC is down 17% from highs, sentiment's trashed, yet I'm still adding spot and running lower-leverage longs. Why? Because maximum uncertainty is where you get paid. This is the setup.
Look at what $BTC absorbed: Binance hack, rates held, $DXY ripping, bonds up, MSTR delisting FUD, Ledger hack, hot CPI. You'd expect sub-50K by now. Instead, $BTC held the upper range from the lows. That tells you something.
Two scenarios:
1. $BTC is delayed — dumps hard short-term, makes a new low into year-end, then rips even harder.
2. This resilience is early bull market behavior — absorbing bad news, flushing leverage, then launching the next leg.
We'll get clarity when structure reclaims the range. Until then, I'm sticking to the plan. Maximum uncertainty = maximum opportunity. Let's see if this time's different.
Past few weeks? Painful. Everyone's fixated on the Anthropic IPO, Trump midterm fears, another Gensler-type regulator. Market's exhausted. Even after 7 years, I'll admit — this correction stung. I wasn't hedged properly on my lower entries. But zooming out, the impulse needed a reset. That's how it works.
What's interesting: attention's rotating away from $BTC into the Anthropic IPO, just like it did with SpaceX. $BTC bottomed right after that circus because everyone chased the shiny IPO and ignored the chart. Getting the same vibe now.
Technically and fundamentally, $BTC is down 17% from highs, sentiment's trashed, yet I'm still adding spot and running lower-leverage longs. Why? Because maximum uncertainty is where you get paid. This is the setup.
Look at what $BTC absorbed: Binance hack, rates held, $DXY ripping, bonds up, MSTR delisting FUD, Ledger hack, hot CPI. You'd expect sub-50K by now. Instead, $BTC held the upper range from the lows. That tells you something.
Two scenarios:
1. $BTC is delayed — dumps hard short-term, makes a new low into year-end, then rips even harder.
2. This resilience is early bull market behavior — absorbing bad news, flushing leverage, then launching the next leg.
We'll get clarity when structure reclaims the range. Until then, I'm sticking to the plan. Maximum uncertainty = maximum opportunity. Let's see if this time's different.