The Wolf Of All Streets Crypto Dump: The Perfect Time To Buy Bitcoin & Altcoins?
Jan 9, 2025
Aya Kantorovich, Co-Founder & Co-CEO of August, shares insights on the recent Bitcoin sell-off linked to U.S. government actions. She discusses the implications of institutional investments in Bitcoin ETFs and the interest in DeFi. The conversation highlights strategies for navigating current volatility, using technical analysis like Fibonacci retracement. Emotional control during trading is underscored, as well as the importance of adaptability in the ever-changing crypto landscape.
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Bitcoin Sell-off
- The recent Bitcoin sell-off is attributed to the DOJ's planned sale of seized Silk Road Bitcoin.
- However, this news is likely already priced in, and the real cause is a risk-off market sentiment.
Institutional Optimism
- Despite the sell-off, institutional ETF inflows into Bitcoin remain strong, indicating continued optimism.
- Upcoming token unlocks and the US inauguration contribute to market volatility and a long vol strategy.
Buying Opportunity
- Buy Bitcoin when the price drops significantly, even if it feels painful.
- Current prices around $92,000 are not cause for panic, considering historical retracements.