Sleazy Tutor

@ZynxBTC ... dog (options-driven activity). Additionally, some of the $4.3B could be a catch-up bid, since MSTR was possibly punished more on the downside than what its BTC holdings alone warranted. I think the move in MSTR was options driven, and we'll head much lower next week.

@ZynxBTC So ~$2.5B of MSTR's ~$6.8B increase in market cap was due to the increase in BTC's price (a little less, since there's also the cost of capital). That means that $4.3B of the move came from other factors, such as optimism about the leveraged BTC play, and the tail wagging the ...

A relatively small move in Bitcoin today added ~$2.5 billion to Strategy's balance sheet and why $MSTR is up 14%. That is not a typo. Every $1,000 move in price is worth approximately $780 million in balance sheet value. A $10,000 move is $7.8 billion. A $100,000 move from here adds ~$78 billion. That's what having 780,897 Bitcoin on the balance sheet means. Having the conviction to accumulate while everyone else is panicking is how you become rich. Saylor has mastered this.

@FiatisF00lsgold NDX and SPX, meanwhile, made convincing new ATHs. How much of the move in BTC was the tail wagging the dog from OpEx? My guess is that it was almost entirely that (plus risk-on trading). I think the next meaningful move is lower.

@FiatisF00lsgold I don't think that's likely to happen -- not yet, at least. BTC had a big selloff, but this rally -- so far -- has been weak. Stocks had an absolutely face-melting rally, yet BTC didn't really move that much. BTC hasn't even retraced half of its move from $98K to $60K. ...

$MSTR told us Bitcoin bottomed in February. You were just too greedy to see. Sorry, not sorry to all the shorts who got liquidated. Good luck waiting for $40K.

@CryptoEtrain @bariksis That also wouldn't surprise me. Man, that would be frustrating for everyone (which increases the probability of that happening).

@SleazyTutor @bariksis Could chop around this range for a while?

*Bitcoin drops $40K in 20 days back in Feb* Bears: “WE HAVEN’T EVEN SEEN CAPITULATION YET!” Hard to blame them. The crash from $126K to $60K happened so quickly and so violently that we basically front ran the entire bear market in 4-5 months. I have news for you bears. We already saw capitulation. We dropped from $98K to $60K in literally three weeks. Bitcoin dropped $15K within 2-3 days from $75K to $60K If that isn’t capitulation then I have no idea what is. Bears will be waiting on $50K for the rest of the year, and it’ll never come. Most of them know that already, they just won’t admit it…

@RevShark Not you too! When you zoom out, the rally in BTC is weak (compared to the fall from ATHs). Also, given the risk-on (and beyond) nature of the markets these last two weeks, BTC's move has been very unimpressive. Lastly, let's not forget that OpEx played a big role in the rally.

I just added to $BMNR. I think cryptos $IBIT $BMNR etc are ready for a new uptrend. The chase is heating up.

@RonSwanonson MSTR is likely going lower. This move higher was options-driven. BTC's rally has been pathetic. Compare the rally to the selloff (the rally looks more like a pause in selling). Also, compare how stocks performed to how BTC performed. MSTR is also just a silly "investment."

$MSTR is back in the profit The funny part is that it didn’t even matter that they were down on their position They were down over -50% in 2022 and look what happened; best performing stock for the next 3 years Bears are cooked either way

@udiWertheimer This BTC rally is so weak, yet you crypto bros are being as insufferable as ever. How can you possibly be optimistic after such a weak rally, when you had such a massive risk-on tailwind?

400k by the end of the year

@bariksis That's ridiculous. We're probably going lower. This rally has been weak. You BTC bros are so insufferable.

Reminder: We all had two months to buy Bitcoin between $60K and $70K What did most investors do? They spent 6-8 hours a day drawing lines on a chart trying to convince themselves and others that Bitcoin was going to some absurd level like $30K or even $20K in some instances. I regret to inform you that we are never ever going to those levels again. In fact, we likely will never revisit the $60K low ever again. That ship has sailed! I’ve seen some of the most confident egocentric bears call for lows of $5,800 to $5,200 on the S&P 500 earlier in April when we hit a low of $6,315 - some of them have already publicly admitted they were dead wrong this past week. Others have just carried on like they didn’t just blow up their accounts shorting a rocket. In the coming weeks and months I expect to see the same for the Bitcoin bears who got their followers wrecked by calling for unrealistic lows like they do every single cycle. Sadly, most will just delete all their bearish posts and claim they were buying the $60K lows the entire time. Stay safe y’all 🫡

@IIICapital Dream on.

If you were waiting to buy Bitcoin at $30,000 this year, don't worry because you'll be able to buy it for $300,000 next year.

@OneSpicyMeatBol @TheShortBear That's what I've been saying. When you zoom out, and look at the BTC rally, the rally has been unimpressive, considering how far BTC has fallen. Also, the rally in stocks has been astonishing, but all BTC could manage was a weak rally (at least so far). This action isn't bullish.

@TheShortBear Wrong year IMHO. If it was any other year then mid terms I would believe maybe. If equities absolutely rip from here, I can see 86k. Also admit I could be wrong, but BTC barely moved on that spx rip, feels like an anchor in comparison.

TOTAL huge multi-year cup and handle forming right on the 50% retracement. 50 ema breakthrough on volume and with speed today. TOTAL represents crypto ex $BTC + $ETH Not only are $BTC and $ETH trying to break out of multi-month consolidations but the rest is actually going to.

the tail was wagging the dog. The crypto bros and the MSTRetards are so insufferable when they have any victory -- no matter how small -- that they make some of us happy to think about how they're going to be broke, living in their moms' basements forever.

3. A lot of BTC's bullish move has been the tail wagging the dog. MSTR and BTC have a bidirectional relationship (BTC [the dog] moves MSTR, and MSTR [the tail] moves BTC). MSTR's move was probably almost entirely short covering and options-driven, which led to ...

All the crypto bros who are super bullish BTC because of BTC's price action this last week should realize a few things: 1. Given how far BTC has fallen, this rally attempt has been weak, 2. Stocks had an absolutely face melting rally, but BTC's rally has been unimpressive ...

@KinggTrades That's absurd.

Bitcoin at $90k Monday morning doesn’t even sound unreasonable. It has that potential. What a great way to end the week 🔥

@ArcdoPls @kick_clips Well ... I don't know if she was half his size 🤣

@kick_clips Andro is a bitch for hitting a woman half his size but her thinking “racist” is some sort of insult is laughable

Androgenic nearly gets knocked out after pushing over a woman who had just attacked him and gets banned by Kick

@thepowerfulHRV Probably not.

Not sure who needs to hear this but #Bitcoin already bottomed

@Rajatsoni This rally is abysmal, when you consider how far BTC has fallen, how much stocks have rallied, and the extent to which this rally is options driven. Next week (or into the close today), the crypto bulls will probably get a dose of reality.

The people who didn't buy at $60K because they said $40K is guaranteed Are now hoping and praying for $60K again🤣🤣🤣🤣🤣