Irresponsibly Long Bitcoin
734 posts

Irresponsibly Long Bitcoin
@Irresponsibly_B
Mostly news trading. Mostly retarded.

PAXG trading 4% above spot gold at $5500. whales bridging $18.6m through NEAR to buy at this premium anyway. 1119% volume increase YoY. the basis trade is short PAXG, long Hyperliquid gold perps, collect the spread as premium compresses. arbitrageurs minting new tokens will close this gap within weeks.






They’re slowly adding to their longs again.

@EricBalchunas This actually says that most ETF holders haven't sold at all and are sitting tight through this drawdown. It's the big OG whales dumping endlessly but ETF buyers are just HODLing.

The lack of a narrative. Bitcoin is stuck. In 2024 we had the election and the anticipated ETF launch. In 2025 we had the presidency, deregulation, and the SBR. We had the digital gold narrative, the fiat debasement hedge, the M2 meme. But what do we have now? Anticipating the next big narrative for Bitcoin will put you ahead of the curve. Think about it.














