Diversitas is an actively managed strategy combining time-proven, investments like Gold, BTC, and ETH with the high-growth potential of the DeFi sector.
1/4
Morning update:
Usually at this stage, when fear is high, $BTC prints a slightly lower low and then bounces📈
Upon that slightly lower low, fear spikes, retail investors panic sell, and big players/smart money buys upon the increased liquidity. Support is found.
This played out yesterday after CZ (CEO of Binance) got sentenced to 4 months in prison. He is officially the richest man ever to serve time in US federal prison.
2/4
Furthermore, Bitcoin just printed its worst month after the FTX collapse and the shorts are starting to pile in. We have $12 billion shorts that will be liquidated if $BTC bounces to $71800 ($15 billion to $74k) and only a handful of longs remain to be liquidated at $58k👀
The tables are about to turn - and turn hard.
3/4
Fear is high and media companies started to push the bearish narrative. Things do not get more bullish than this. Today is the FOMC meeting in the US so we may see more manipulation but the bounce should be days if not hours away🤔
4/4
Looking at the ETF flow, we can see that the outflows continued in the US but were nicely offset by Hong Kong. On the first day, the flow mainly came from the seed but was well above $100 million. ChinaAMC alone brought in $121 million👌
Have a great day and we will be back with you tomorrow!
1/4
Morning update:
Price-wise, we continue to trade in the range so there is nothing too exciting to report😴$BTC
What about your algo??? we are now 40% down from high, with no reaction, we didn’t lock any profit, we go even more bullish… 🤷🤷🤷