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Stop fooling yourself, even the "Commander-in-Chief of the Bagholders" has quit.
Are you still comforting yourself—"It's okay, institutions are accumulating"?
Wake up. Your biggest "teammate," that Saylor who buys Bitcoin on schedule every week, took a leave this week.
It's not because he has no money. It's because he doesn't want to buy anymore.
He'd rather use his money to buy back his own bonds than continue to support you at this level.
What are you still drawing—descending wedges, Fibonacci? The commander has pulled out, what are you infantry doing rushing forward?
That always "bullish, bullish, bullish" trend follower from 10x Research has directly turned bearish this week.
Why?
On-chain data has softened.
Derivatives are full of longs, packed like a Spring Festival train station.
Think about it—when everyone is crowded at the same door waiting to get rich—who's opening the door for you?
And you're still hoping the Federal Reserve will cut rates to save you?
Did you see the CME data? The probability of rate hikes this year exceeds 67%.
You read that right. Hikes!
Although it's likely they won't move in June—yet the market is trading on expectations. Once expectations are out, the first to run are risk assets like you.
Over in Europe, Lagarde: inflation outlook may be raised in June. The US tightens, Europe doesn't loosen. Both sides closing their doors—where do you think the hot money will go?
So what are the facts now?
Largest buyers: pause.
Technical models: turning bearish.
On-chain data: weakening.
Long positions: at capacity.
Macro expectations: tightening.
Five signals, all red lights.
Do you think this is a "normal correction"?
Then I ask you: if it's a normal correction, why are the biggest longs no longer buying?
Stop fooling yourself with "diamond hands."
Real diamond hands have already put their hands in their pockets.
What you should do now is not add to your Bitcoin position, but open your account and take a look—
If Saylor thinks it's not worth it, why do you think you're smarter than him?