Looks like the market is more than happy that Binance finally settled with the DOJ.
The odds of getting a $BTC ETF approved soon improved substantially, I think.
I did expect more of a drop but we clearly didn't get it.
While Bitcoin is getting close to 38k again, $ETH is also showing strength.
While it will be interesting to see how $BTC behaves above 38k (if we get there), I think now could finally be $ETH's time to shine. It has been consolidating for quite some time and looks ready to break above 2100$.
Since I restructured into 44% $USDT, the market has not moved meaningfully higher.
$BTC is up 0.4% and $ETH 1.5% since the restructure. So the potential profit lost due to partially being in cash are minuscule and I do not regret doing so because the potential draw down would have been much higher.
Even though I do not like to chase strong moves, this is crypto and strong moves often continue in trending markets. I'd rather stomach a small dip, then be left sidelined.
The structure is still 24% $USDT to have dry powder ready should we get a dip. Else I will move it into $ETH once we get a confirmed breakout.
The only thing left now is praying that Bitcoin and Ethereum do not get rejected here and continue marching higher 🙏
As always, these are just my thoughts and should not be relied upon ore considered financial advice.