This chart shows the profit and loss for leveraged Btc traders. I have circled in green two areas of consistent loss for leveraged long traders. The last period resulted in a move to a new all time high and the current period of losses has gone on for just as long. We should see the same again.
3 comments
The problem with crypto, and this is not a diss against it, is that it is mainly a guessing game. Unlike stocks where you have tangibles you can actually measure value on.
I hope it won't be so long before we break free from BTC bondage. Then everything will probably be much calmer.
One hopes, because one cannot accept that adoption can ever occur when crypto is essentially offering 100% inflation right now.