In this analysis, I talk about Bitcoin and the potential for a long squeeze while funding for Binance futures remains incredibly high. Currently, we're seeing the reverse of what happened when Bitcoin last dropped below 30k and bounced. Overall, if we get a shakeout or long squeeze, the crypto market indexes are incredibly bullish (though they include stablecoins).
I also talk about a few altcoins, such as NANO, LTC, and XLM. I also mention the new liquidity token for the Stellar Dex (AQUA) and Smartlands (SLT).
This is not financial advice! This is meant for speculation and entertainment only.
If you wish to support me, you can join Mudrex using my referral (linked below), as I have partnered with them this month. I will (hopefully) be able to record the first episode of my podcast within the next two weeks, so stay tuned for that! It's a busy month for me (returning to grad school), but I will continue to post analysis when I can. Thank you for watching!
-Victor Cobra
Comment
⋅
Par 2:
Comment
⋅
Forgot to update this - but the long squeeze did occur, taking Bitcoin price briefly below 43k.