"SOLBTC is the new ETHBTC"
A simple idea formed for me in November and I expressed this in multiple shorts from $240-50 region including breaking my personal rule and shorting $270s on the recent ATH push on Solana
Links:
bit.ly/4k5u0rG
bit.ly/4322khg
Initially my plan was to never close my shorts at all but the climatic wicks on Feb 2nd/3rd seemed like an opportune time to close the shorts which in hindsight was a bit premature
I believe
$SOL forms an interim bottoms ahead of the actual March unlocks which would mark an end to my idea of relative sol bearish w.r.t. both ETH and BTC
At the same time I believe ETH has a unique chance to register an outlier 30-60% move reminisce of the pre-ETF approval price action with the staking ETF narrative as the primary narrative