I'm back at the bitcoin perp futures casino
Boom or bust, moon or liquidation on btc perp futures long at $20,278
*** Post is for entertainment purposes only. NFA ***
An update on this position I posted on a different thread but I'm doing it on this thread as there is something strange going on in this crypto winter aka bear market trend that I've noticed for the past week give or take a few days
- There seems to be liquidity (money) flowing into the cryptos market
By the mere fact I'm posting this probably means I've doomed this uptrend
Sure, btc is up over $20K but that's not what's interesting, many altcoins are rallying much harder
In the middle of a crypto winter, this does not make much sense as there's no money to fuel all of these, but somehow, it's happening anyway
An example is doge that has doubled due to Elons purchase of Twitter, it's now over 12 cents, and was actually higher yesterday, and it's #8 in market cap crypto asset so it takes a lot to pump it and stay up
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My btc perp futures position was up a couple of thousand $ before Fed meeting on Wednesday and that presser was a real shitter, my position went to negative few hundred $
Now, the position is up again, but btc is not leading the gains
Eth is up more than btc but even Eth is not the top 10 crypto asset by market cap that has been the best performer for the past 2 weeks, it's, BNB putting aside doge as anomaly due to Elon
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Anyway, this may be a premature crypto market trend change call, and today is a good day for the premise of this post to be tested with the stock market just turned negative and a beautiful consecutive red candles on btc
At the top of the screenshot are my watch list of crypto assets, LRC is the big winner and that's not a new shitcoin that launched recently, it's been around for years, I owned it a couple of years ago but do not hold any now
I'll update again next Friday next week if this crypto spring has legs to it or just a figment of my imagination
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Another crypto bro that's also noticing a trend