Massive outflows yesterday!
Hello,
Yesterday we saw massive outflows in the Bitcoin ETFs. Almost 10,000 Bitcoin were sold yesterday driving the price to lower levels. We hit $57,500 and since then the price has stabilized close to $59,000.
Crypto twitter is full of pessimism, it's funny to see how the sentiment switches so fast. Some weeks ago it was full of moonboys, and now the critics are dominating the space.
Humans are guided with greed and fear, these sentiments are well expressed in the Bitcoin chart. We go higher than we should, and lower than we should. People without a plan suffer the consequences. Those with strong conviction will be able to get the rewards. I call it intellectual arbitrage.
Intellectual arbitrage
Bitcoiners have knowledge that normies don't have. If this knowledge is used to set a long term plan, and is executed, it's easy to make money.
Don't overthink, this dips are for buying, not for selling.
If you are already all in, don't sell.
Trust your plan.
Posted Using InLeo Alpha
Makes it easy to judge the market sentiments and make decision opposite to what they thinking.
Negative outflows is a psyop imo, adoption is increasing.. more ETFs being listed..looks like nothing burger and yeah dips are indeed for buying. They are trying so hard to shake out weakhands.
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