The Long Game

Bitcoin/Altcoin Data Newsletter Premium

Hello Everyone!

Yesterday, Donald Trump announced the US would be creating strategic reserves for some crypto. He initially started by mentioning SOL, ADA, and XRP. There was definitely some confusion/outrage amongst Bitcoin maximalists… it was quickly followed up that Bitcoin, Ethereum, and many other leading cryptos would be included.

The market overall reacted very positively to the news, we saw a jump for Bitcoin from 85k to 95k, and many Altcoins were up 20%+!

In traditional fashion, I waited for the dust to settle which I like to do for both major declines and rises… because you never know what’s going to stick. And as we’re seeing today, unfortunately, most of the gains have now been retracted. *Big Sigh*

For a quick moment, and especially when only Altcoins were being announced as part of the reserve, Bitcoin Dominance was plummeting. Of course, all of this was almost immediately reversed to land us right back where we started.

We worked so hard last week to fill the open CME gap at 78k which was narrowly missed, only to make another large weekend move and create yet another gargantuan CME cap at 85.7k!

The small gap at 93.6k was filled during the brief rise.

February is now locked in the books and for the first time in any bull market, it has not been a good month for price.

People are starting to call a cycle top in January, and their reasons are not invalid.

The question becomes, how do we know we can trust the cycles to continue? We’re believing one thing while price is showing us another. That’s what this newsletter will be all about.

This cycle, it’s the long game.

Let’s jump into today’s newsletter!

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