We had a rough start of the week, but the news that Elon Musk bought Twitter made the markets jump up, with the biggest winner being $DOGE gaining 25% in one day.
Unfortunately we also had some bad news regarding $BTC today, the spot ETF that was announced for Australia is delayed by at least a week, more on this topic in the article below.
Overal the market is gaining some positivity back, $BTC is fighting for the 40k level and the longer we stay here the bigger the move up will be.
We still have big groups buying a lot of $BTC that being MicroStrategy & LunaFoundationGuard and also $TRX will start buying $BTC to back there stable coin just like $LUNA.
The liquid supply is still being taken of the exchanges, rumors also have it that Jack Dorsey might use his money from the Twitter sale to buy more $BTC, lets hope this rumor is true, this would result in another 1 billion $BTC buy.
Our strategy is simple and still aims towards a supply shock, with $BTC hitting new all time lows with the amount that is available on exchanges, and $LUNA being burned also reaching a new all time low (almost below the 90 million liquid supply mark ) I would say time is on our side, we have to be patient and for that we will get rewarded, our goal with $LUNA is around 50 million liquid supply so we have our ways to go, but I remain patient.
I think that not many people have realized that the delay was announced for the Australian spot ETF, so I do expect some volatility to the down side, but nothing that I would trade.
Have a wonderful week, and see you next update.