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.
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.