If you think we're out of the wood because BTC's holding up despite FTX meltdown

[Anonymous No.52464153]

Just consider that after Lehman was bankrupted, SPX was crabbing for another 14 days before the initial meltdown & it took 25 days before the big dump.

We're just on the 5th day after the FTX bankruptcy.

[Anonymous No.52464187]

>>52464153
Ftx dump is over. If we dump more it's because whales want to accumulate more

[Anonymous No.52464219]

>>52464187
Contagion takes time anon, and then deleveraging of the system and liquidation of players affected also take time.
Those are what move the market, not the knee-jerk instant reaction.

[Anonymous No.52465491]

The fact that we are celebrating 17k is the biggest red flag desu

[Anonymous No.52465520]

I just assumed we're in a holding pattern because a lot of money is locked up in FTX. Maybe I'm wrong idk.

[Anonymous No.52465669]

>>52464153
If this was the bottom we would have had a violent wick upwards by now, these relief rallies are so bad and brief that I'm 99.9% certain we'll test and break 15k very soon. If we get near 10k, all hell breaks loose
Bitcoin isn't dead, but it's going to be awhile before we see another bull market.

[Anonymous No.52466145]

>>52464153
I don't understand how there are people who think that markets change from bear to bull on a whim, out of nowhere. These crypto-only traders are fucking crazy.