Will the market continue correcting? My current musings are these:
1). BlockFi stablecoin generous APY...thru July.
Could it be that certain institutions have reached out to BlockFi and ‘suggested’ or ‘encouraged’ this move? As they are intent on continuing the plunging/Wyckoff/shorting maneuvers? Even the whales will appreciate retail traders re-energizing the bull market after the bottom they have chosen is in - and having/outsourcing stores of stablecoin ready to go long is smart.
2). Elon Bitcoin tweets, plus this ‘mining council’.
This can be strung out or wrapped anytime they choose. Purely a timing and trigger game imho.
3). We’re in an obvious bear trend rn.
Makes sense and is a bit easier to incentivize some people to sell and preserve their gains so that hodlers can do their thing and continue to stake/provide liquidity as the market corrects
4). Institutions want in this cycle.
The cogs of industry move slow. Michael Saylor has made his case and many are keen to adopt - but the impediments to doing so can be many. What better way to REALLY make this a supercycle and employ this bear market in the middle of the bull market and slow things down, so that these corporations and other entities can really begin the process of mass adoption at ‘reasonable’ prices they have witnessed only a few short weeks and months ago before the crypto jargon they care nothing about of ‘halving events, Eth 2.0, eip1559, DeFi’ etc pumped this way too fast for institutions to grapple with efficiently.
No comments:
Post a Comment