So the 6-red-month streak everyone was sweating? Didn't happen. March closed green, barely, but enough to break the pattern before Bitcoin could tie that ugly 2018-19 record. Markets love doing that getting everyone positioned for one thing, then doing the opposite $BTC But here's the thing: one green candle doesn't flip the script. We're still down nearly 50% from the highs. Almost half of all Bitcoin supply is sitting underwater, and the whales? They're not buying this dip with any conviction. That descending wedge everyone's been watching? Still there, still pointing to trouble if we can't break higher.
The real line in the sand is $70k, $75k, or even $80k.. but if we get rejected then the $55k - $60k is certain.
ETF flows are giving mixed signals too. March finally saw inflows after four months of bleeding, but the last week flipped negative again. Doesn't scream "strong hands accumulating." More like shorts covering and weak bounce energy.
So where does that leave us? Honestly, in no man's land 😂. The streak is broken, sure, but the setup that made people worried in the first place hasn't really changed. April becomes the new make-or-break month. If this green March was just a fakeout a pause before the real move, we'll know soon enough. Watch $70K. Everything else is just noise until we get a clean break or a hard rejection.
before I log out, the history books won't show six red months in a row. But they might still show a brutal Q2 if buyers don't step up here. if read it all you're in the 0.01% follow and share for general unbiased insights.
Bitcoin is approaching its 6th straight red monthly candle, only the second time in history. The last streak (Aug 2018–Jan 2019) ended with a 56% crash, then a 300%+ rally. $BTC BTC is already down ~49% from its $126K high. March's close decides if we tie the record.
The pattern: Descending wedge forming, same setup that preceded prior breakdowns. Break 70K resistance = bullish invalidation. Rejection =55K–$60K likely. Reality check: 46% of supply is already underwater, whale accumulation remains weak.
Liquidity without selling: Access cash while keeping crypto exposure. Leverage: Borrow to buy more assets (bull market strategy). Yield farming: Deploy borrowed funds into higher-return DeFi protocols.
The Pioneer: @MakerDAO MakerDAO introduced the first widely adopted CDP system in 2017, creating DAI stablecoin backed by ETH collateral. Today, the crypto lending market, including CDP stablecoins, stands at $36.5 billion as of Q4 2024, with DeFi protocols capturing 69% market share.
Risks:
Liquidation risk: Price drops can trigger automatic collateral sales.
Smart contract vulnerabilities: Code bugs or exploits (less likely)
Volatility: Crypto's inherent price swings require active monitoring.
CDPs represent DeFi's foundational innovation in programmable, permissionless lending, automating what traditionally required banks, lawyers, and trust. The future..
Collateralized Debt Position (CDP): DeFi's Automated Loan System
A Collateralized Debt Position (CDP) is a core DeFi mechanism that allows users to borrow cryptocurrency by locking up other crypto assets as collateral, all managed automatically through smart contracts without intermediaries.
How It Works (may vary with centralized exchanges that support CDPs):
1. Deposit Collateral: Lock crypto (e.g., ETH) into a smart contract
2. Mint Debt: Receive synthetic stablecoins (like DAI) against your collateral
4. Repay & Retrieve: Burn the borrowed stablecoins to unlock your original assets
here's what they usually don't tell you; you need to borrow lesser than your collateral amount. if your ratio drops below the threshold, you'll be liquidated (happens less likely, depends on how much you have left as collateral after loans). no intermediaries.. (smart contracts replacing banks right there 😂). Everything is visible onchain.
Bearish markets can be mentally draining imagine being down by 80% after years of HodLing. The pain of not selling at the top.. Not having any funds or low funds left to buy the dip. well, yeah, we've been through that.
Aside buying the dips as it dips down, and understanding the concept of the markets.. What if I told you there's a way to not feel weighed down by the continuous red candles??
This is for the people who are less likely to get stable cash flows into spot holdings.
This is for people who constantly need money flowing in and out and may still want to do that as their investments grow.
This is for people who don't want to sell but use the same money to work for more money.
Imagine taking profits and still holding your assets 😏🤲 there's more to that. This update/guide will be shared in my next post so please follow and turn on notifications.
2024, October, was the month I completed a full cryptocurrency course video on YouTube. it was 4 hours long, by Money ZG. I used the whole 4 hour video as my template for further research and documented everything on a telegram channel I had newly created as my personal notes. (https://t.me/cryptusgoatx)
This was after I had been introduced to Hamster kombat around March in the same year..(getting flashbacks on the time in crypto 😂..) so I got curious.
learning crypto isn't a task or a hard thing to do wether you'd want to trade, invest, build on the Blockchain, dive in DeFi, etc. you just need to be consistent @Binance Academy now has specialized study courses for beginners making things so much easier for fresh minds and people in the space already as well.
This is what I thought of sharing today I hope it helps 🫠 please share your thoughts or experiences in your learning journey below.