Diversitas

1/5

Morning update:

The price is flirting with our trackline. Meanwhile, the buy calls across social media are low and sell calls are peeking in at an increased rate. When this level of FUD begins to sneak in, market recovery probabilities increase significantly. When people in the comments section are telling you that the market is going down, it's usually the best time to buy. The crowd is always wrong and the pump is likely days away👀

2/5

Furthermore, Republic First Bank officially collapsed and was seized by the FDIC (regulators)😱

It looks like this may be the reason behind the overnight drop but we view it as something bullish. The last time banks started to collapse, Bitcoin pumped hard. This will most likely also lead to more capital injections that we discussed yesterday. Again a positive outcome for $BTC 🤔

3/5

The ETF flow was again negative but we expect this to change once Hong Kong joins the race. They will get a nice entry price and we expect big inflows in the first few days👀

4/5

Next week, MicroStrategy is also hosting a conference in Las Vegas. Bitcoin for Corporations is a conference targeting corporations interested in exploring Bitcoin and will discuss the future of $BTC as a capital asset and delve into corporate Bitcoin technology initiatives👌

Again, this should bring in additional buy pressure🤔

5/5

Speaking about corporate buying pressure, Japanese Public Company Metaplanet bought $6.25 million worth of Bitcoin this week👀