So looks like Craig Wright is going to jail for one year, after all the crap he claimed in court while trying to prove he was Satoshi Nakamoto when in reality everyone knew he wasn't... I do not wish anyone in jail unless they are disgraceful criminals, but this guy asked for it.
He even sued Hodlonaut for openly claiming that he was not Satoshi Nakamoto, and he lost that trial, but this guy Hodlonaut had to ask for donations to be able to sustain himself during the trial. Is the market dumping because of Craig Wright going to jail?
I don't think so... From what it seems, Jerome Powell and his remarks regarding the FED not being allowed to hold BTC is what created the panic. That's childish, if you ask me... What's worth noticing also is the fact that over the past 24 hours 1.1 billion dollars have been liquidated from the market.
I have participated with $30 to that sum as well. I had a long on DOGE that got liquidated. It's business, sometimes you win, sometimes you lose. What I would bet my money on though is the fact that this bull market ain't over.
Too many calling for a top since $80,000 and that's not how a bull market ends. Anyone who's been in crypto for a cycle or two already knows that before a bull market is over, the general sentiment of the market is that there is no ceiling to what will come. We ain't there yet, folks...
RSI has not even reached 90 on BTC, OI is down again, and I have zero no-coiners asking me about how to buy BTC. The crypto market offers quite some simple metrics to follow that will at some point tell us when the top is near. Not there yet.
The market is reacting to the FED's hawkish reaction to inflation data and that Bitcoin announcement worse than it did when Covid was launched. My lucky guess is that by the EOY we will be back on track once again.
It's funny though, so many wished last week that they would have a chance to buy crypto at these levels and very few are actually doing it. Oh, and about HIVE, I think we are somewhere on the chart similar to where we were back in February 2021 before getting parabolic.
Sooner than later the altcoin market cap will get parabolic. It's the same shit every cycle, but as simple as it might be, the market always finds ways of convincing us this time is different... It's actually not.
Thanks for your attention,
Adrian
