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🔥 Bitcoin Situation
One of the main factors behind the growth of the crypto market is returning liquidity! The market capitalization of the stablecoin USDC is constantly hitting new highs, and here the market capitalization of USDT has almost bought up all of the drop (, and has added significantly this week; the chart is for the post).
I want to note that stablecoins are pouring in, SPX new ATH, Nasdaq new ATH, Russel200 new ATH. Bitcoin is still treading below 80 000$.
And here it’s worth noting: many are expecting a drop to 50 000$, and 90% of bloggers and their subscribers haven’t accumulated—not at 60 000$, not at 70 000$. Videos about longs aren’t popular; everyone is still saying, “Ahh, we’ll be falling.” That’s why I think there’s fuel for growth, and we will rise. The crowd is always wrong...
My turkey, based on IGV, also shows growth; an insider from Омана is pushing for longs, BlackRock is buying, CharlSchwab is launching crypto trading, and ahead are the Clarity law and the new head of the FРС.
That’s why I’m expecting growth! Oh yes, Ормуз has been opened—the war is officially about to be OFF! I just can’t imagine what kind of fuel would make it drop to 50 000$.