Today’s Nuggets
Sell Wall Gonna Fall
CME Futures Bullish
Perp Funding Rates Muted
Exchange Balance at All-Time Low
Mr. 100 or New Nation State?
Lummis the Legend
SEC Swamp Drainage Continues
First Institutional Bitcoin Lending Solution
Devil and His Nemesis
SOL ETF Osborning ETH ETF?
TSLA FSD and Glorious Future
Largest Battery Storage
Euro Free Fall
This story is entitled Knocking on Heaven's Door. Who knows the song? I hope that it does not offend anybody, as it is not a religious commentary.
The Fear & Greed Index is at 94, so it is in the extreme greed zone. Yesterday, it was at 82. You rarely see it up at this level because people are clamoring hand over fist to get their hands on… you know what?
We know there are some cell walls between here and $100,000 but I can tell you with a very high degree of certainty they will probably be broken this weekend.
I will prove it with data because that is all we do here.
What happens after $100,000 is like an air gap for pilots or people who fly a lot.
It is fresh air. Once you break that $100K, the crazy FOMO will begin because people know it will go very quickly to $110,000 and maybe even further.
2,250 BTC appears to be the current sell wall, and when you consider the amount of buying happening right now, that is not a lot of Bitcoin.
What happens at $100,000?
$2 billion
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