Coinbase Bitcoin premium is massive in the past 24 hours. Usually a good sign for markets as it indicates strong buying of Bitcoin on their platform. Hope it also works this time, we really deserve a new crypto bull market!
Active strategy management, 6 years of crypto experience, using stablecoins to reduce drawdowns, always diversified, no gambling
Coinbase Bitcoin premium is massive in the past 24 hours. Usually a good sign for markets as it indicates strong buying of Bitcoin on their platform. Hope it also works this time, we really deserve a new crypto bull market!
The crypto market is in a world of its own. Few people seem interested although prices are extremely cheap again and the bear market is now one of the longest in history. Lots of progress has been made in terms of regulation and the removal of fraudulent players. I am patiently waiting for prices to reflect the Positives again.
So far, a week to forget. Yesterday evening, after the close of the stocks and futures markets, someone dumped a large amount of BTC and ETH and caused a liquidation cascade in the most illiquid market time. We are still waiting for the news around the Bitcoin ETF. The timing is uncertain, but I would say the chance to get the approval is much higher this time as players like Blackrock have made the right adjustments to their proposals, so that an approval is likely. We will see...
So in the past two weeks, Curve Finance was hacked, Celsius holdings were sold to fiat, stocks corrected and crypto hardly moved. On the positive side, an ETF approval next week is possible, Paypal launched its stablecoin, institutional investors are buying via BTC funds and from centralized exchanges according to flow data. Also other Fundamentals data are now so healthy that I expect a very big move for the next months.
If you want an example to show how crypto currencies protect you from a fiat currency collapse then look at BTC/turkish Lira. All-Time-High.. This is nothing to celebrate, because it means millions of people are losing their savings and wealth.