Brian R
@thetinyant
With 52% confidence, I am turning more negative on crypto prices due to: 👉 BTC at ATH 👉 Waning positive catalysts 👉 Rising negative catalysts In more detail,
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Brian R
@thetinyant
BTC AT ATH Self-explanatory, but makes the set up much tougher
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Brian R
@thetinyant
WANING POSITIVE CATALYSTS ❎ halving will pass shortly ❎ monster retail spot ETF inflows moving lower (even if GBTC outflows fall, and with solid long-term wealth manager buys) ❎ spot ETH ETFs likely to be denied ❎ Fed cuts potentially pushed out
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Brian R
@thetinyant
RISING NEGATIVE CATALYSTS ❌ Mt. GOX repatriating 142k BTC thru Oct ❌ potential US govt selling of $2.3b Silk Road BTC ❌ seemingly greater reg risk around USDT ❌ others, like US govt legal wins, enforcement actions, CEX collapses, etc
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