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Traded ValueThis morning was clearly the bottom. I've summarized a few characteristics:
1. Accelerated decline, extreme slope.
2. Stocks, gold, silver, and Bitcoin (the "big cake") all fell together in a chain of margin calls.
3. IBIT turnover rate at 20%, clearly indicating institutional forced liquidation.
4. Extreme fear across major social media and group chats, with a completely bearish outlook, Bitcoin being called down to 30k.
5. The appearance of news pushes to coordinate the harvest, even making diamond hands like you consider cutting losses and exiting.
Additionally, you can backtest your social media information sources. Unfollow those accounts that make you more emotional at critical moments, and follow those that encourage everyone to boldly bottom-fish, like the $Invesco QQQ Trust(QQQ.US).
$iShares Bitcoin Trust ETF(IBIT.US)$iShares Silver Tr(SLV.US)
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