👨🏻💻 product—growth marketer: Web3 and crypto user onboarding + retention! 👨🏻🎤 libertarian & metalhead nerd 🧔🏻♂️ Bitcoin HODLer and derivative rekter
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Market structure was damaged and recovery won’t be instant. This is not the bear market. But it’s a preview. When the real bear hits - 50%+ drawdowns, macro pain, no liquidity - liquidations like this will feel mild.
$21.76B left Binance in a week. No wonder… altcoins are bleeding and people feel the tax. A huge liquidation last week exposed the broken model. Maybe it’s a temporary thing but for now retail rage quit and took almost $22B of their money. Why? Listings are completely broken. Anyone who bought altcoins on Binance can confirm how much money they lost. Market for sure, but also coordinated control of supply. Airdrop dumps. BNB rises as a result. Retail suffers. Negative image for the industry. We need permisionless listings, transparency in price discovery and order matching system, more efficient settlement.
📊 The MACD histogram looks ready to reverse. 📊 The signal line appears to be about to cross the MACD line — an early sign that momentum is shifting. 📊 The RSI has been showing bearish divergence since it first touched 70, then 98,000, and then returned to 122,000. This is standard behavior from 2021 and 2022, and will repeat itself in 2025 and 2026. Beware, my friends! Don't be greedy.
9 days ago, i sold my BTC holding due to I smelled a sus in the market. fear when everyone greed and greed when everyone fear, indeed! but my conviction on BTC remains strong, I'll start to DCA once again later