Yeah I played it that the bottom was in. Liquidity has been an issue and the invasion causing repositioning of market postions would bring in liquidity. So I was out on that big dip.
What proof is there that those individuals hold those positions?
The beauty of crypto is that we can track big wallets. Whales also make mistakes and get it wrong too. I wouldn't follow anyone blindly in all this.
I don't think it's decoupled quite yet, just showing more strength than earlier in the year.
Nice.
Re the options as an example Raoul Has options in March @ 15k. I found it in a sea of Twatter and he replied he confirmed he held them. back in time and he has been open about a crash early 2022. Others are mostly no crash, we just rocket and bottom is in.
Barry Silbert is another one, says ‘we are buying’ Particularly odd as coinglass data has grayscale selling since Feb last year just as the premium went negative. We can all likely all agree we think a crap tone of money is going to come into the space. Grayscale being the largest would know. Maybe buying at 44k isn’t the ‘bottom’ but they are preparing at 44k because the dip is almost here? So whether it’s 34k or 44k their incoming funds are so large it won’t matter, it’s just better to prepare early?
Jan and Feb options were bang on for a price tap so at least for the moment it seems whoever is playing is large enough to move the price where they want to in order to meet the options price.
This is 25th March options. Even with the bounce not much has changed, there is 50k call but it hasn’t budged in weeks. Also the 3rd largest Bitcoin wallet just started to sell. I’m sticking to my own economic/inflationary strategy which has been awesome right up until Russia. My strategy says we need a deflationary event before we go up but the market is saying no, we are going straight up now. It reminds me of the GFC where energy flew up, rates started to rise and everyone was saying ‘we are going straight up now’.
