The derivatives market is at an ATH. Pressure to push the price of BTC to $36-40k is intense. This will not affect ETHER IMO. That’s an opinion, I believe the price of ETH will continue to climb until the official announcement of the 1st heavy ETH ETF (rumors exist already but I won’t name them because it’s all hearsay) is I’m a no one. I am not smart. BUT.. I happen to know the last 3 presidents & work for an institutional fund. I’ve never said this on ANY of my social accounts before. One of them (Presidents) follows me on Twitter so please don’t do the prove it BS. It’s not something I’d lie about. I have zero incentives to do that. This isn’t a flex it’s background information to support my claim.

Peoples jobs are relying on this to happen in order for institutions to have their purchase orders filled. They (the banks/funds/institutions) are trying to manipulate the price as best they can without it being obvious or raising red flags. 🚩

Luckily during proof of keys week (the 1st week in Jan) we saw about 4,000 BTC leave CB. CB is the official “partner” for all of the approved ETFs. Why? I have NO IDEA. Can someone tell me? CB has less than 400k BTC now. 11 ETPs aka ETFs with less then 400,000 BTC? Makes no sense right? Are we paper trading cryptocurrencies? What’s happening?

Blackrock can buy CB, all of the other ETFs, and the rest of the un-mined BTC right now, or 51% of the circulating supply; if they felt like it. They’re waiting until AFTER the halving to show their hand. That’ll reveal the entry price they wanted.

If you haven’t yet I’d suggest plugging in the old cold wallet. Take a break. Don’t watch your portfolio everyday. AND if you start screenshotting it to show friends it’s time to take some profits. 🫡 🤝❤️