yeah it's not looking too good, with the correlation between the 10 year yield and bitcoin usually very strong, it's strange to see bitcoin moving down when yields are moving higher.
zAngus
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@Ravi2409, its the old we don't know why its doing this expression: "The market can remain irrational longer than you can remain solvent."
@Great_Reset_Investing, hey, we are the frog, but I really liked your 'own nothing and be happy' lizard guy avatar the most
best to you Sir!
Great_Reset_Investing
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@scratchticket, lol try to match my avatar to the zeitgeist and my thinking, as such Klaus will always be there or there abouts
brooksj13544
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Bounce too much short leverage.
zAngus
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@brooksj13544, Id guess short term minor bounce, but longer term down?
brooksj13544
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@zAngus, possible although accumulation in bitcoin tends to suggest reversal in market as does entity adjusted dormancy flow but definitely not advice. Liquid supply on markets also diminishing. Good call eh ;) Breakout yes but long term still up in the air.