My opinion is the same. Only when EVERYONE loses hope, btc will pump.
Im bullish overall, still see way more bullish narratives than bearish.
That is MY view (please read and share yours) on the market and
$USELESS, if you are smart you consider both party and create your own opinion, so:
Bullish -> QT ending, possible december rate cut not priced in, Trump don’t want to come mid term with a disaster market, sentiment in extreme fear (usually bullish since is a lagging indicatore and USUALLY, STORICALLY most of the selling is already over), we didn’t see max euphoria (strange for a market top) don’t believe max fear is how a bear start. And so much more like stock near ath, gold dumping and btc not pumping (couple weeks ago), 2000$ dividend this is HUGE and idk how it didn’t move the market, really.
Bearish -> only bear indicator is closing below ema50 and it did happened. Whales and institutions are selling (some are also buying but that’s minority atm)
Apart from this it’s useless to say that october 10 affected exchanges, and maybe we are seeing results now.
Market is behaving really strange tbh.
My spot position remain untouched and is
$USELESS and that’s it. it’s been quite affected recently, not more than every othe meme tho. Just useless is the most hated cause the most succesfull of the year so everybody talks about it. as said this morning im NOT happy about senditfun so
@SolportTom @theunipcs work on it cause it’s a community request. And in also not happy about how they managed the collab with WLFI because i think it could have been pushed better. I still believe in
@bonkfun and useless is their best runner, they’ll give everything for it and i’ll too.
SO many times in the past 3 months i saw people writing “useless is dead” and after a few days, new ath.
And everytime “but this time is different”, i just think it’ll happen in weeks and not days.
That said, this is my opinion, i would love to hear yours as just by dialogue we learn and we grow. So please share your point of view.
I REALLY believe that until we see people posting “i’ll scalp btc lev50x at 93k” we will go lower. Until everyone loses hope, until no liquidity down, until mm’s cleaned EVERYONE with lev. And then boom, like always.