RebelOfBabylon
@rebelofbabylon
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RebelOfBabylon
@rebelofbabylon
It is a Bitcoin supercycle. $BTC
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RebelOfBabylon
@rebelofbabylon
$BTC futures OI going ballistic.
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RebelOfBabylon
@rebelofbabylon
$BTC.D just made a new cycle high and I think the market is going to continue to be driven by $BTC for now. It is the strongest narrative rn: Saylor + ETFs flows + ETFs unit bias + many Co. starting to copy Saylor + US strategic reserve + strategic reserve spillover to other countries and some more I may be forgetting rn. My view is we will not have a sustained and broad alt season until the market understands the details of the policies of the incoming administration in the US and who will benefit from them. That may be on inauguration via an executive order or it may take weeks or months after that. We just don't know. In any case there will be a monumental shift in crypto. Crypto will get regulared in the US and soon after in most of the world. It will be much harder for vaporware tokens to raise money. Crypto will start to become more like the stock market imo. And maybe even start to converge with the stock market.
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RebelOfBabylon
@rebelofbabylon
New $BTC.D cycle high. No #altseason so far.
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RebelOfBabylon
@rebelofbabylon
Testing farcaster.
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