I dont think that anyone can provide accurate OTC data.

Atleast i never found i legit source for that over all the years (localbtc is just a fraction of OTC deals).

/edit



Oh yeah, i hard about china too, it was regarding bitcoin usage to bypass capital controls.

Maybe the trade war is actually very good for BTC?

Last month we had days with around 0,2+% / 8 hours - mex MM is just super bullish lol

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Correct, this indicator is wrong.

The s/l ratio on bitmex is always 1:1.
The perpetual is p2p based thus 1 long contract always has a taker with 1 short contract.

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Guys lets come to some conspiracy theories of mine.

Right now i have the strong feeling that this run is based on some iluminati whales front running each other, because i do not believe in the slightest that this is induced by retail fomo.

Evidence:

1. Google Trends is just around 20% of 2017:



2. No permanent news in TV, newspaper etc about buying Bitcoin

3. 400% pump without a single big correction (maybe the 8200 to 6600, but imo it was more of a flashcrash)

4. not one of my nocoiner friends are asking me


So is this finally the one pump to end all dumps because institutional money is flowing into the ecosystem?

Yeah that works too, but im rather closing majority because of slippage.

I will let a small part just run

The good news:

The bull is really on fire  


The bad news:

A real correction should come in soon, it is very unusual that after a 400% runup in 2,5 months every dip is bought up with big strength.

I do not believe we will see ATH in July, thus i will be closing all my longs and prepare for a real big judas candle.



Overall, a correction would be healthy now, though its bitcoin and we could see ATH by next month lol.

Alts are bleeding to death and i dont see a change until the steam is out of the BTC pump.


Long live the king

ATH until eoy sounds pretty legit right now

Bought more spot on this dip, fuck your bears

I cant fucking believe 3 years ago i was wetting my pants on the idea that we would break 1200 $ lol

New wealthy elite  

I very much hope so



Yeah definitely not like the last cycle.

Its way more powerful and faster this one.

And i really hope it stays like this else we would drop another time to 3k lol

Yes, but if you (respective nation) dont follow the guidance you get put on a blacklist which will make it difficult to attract foreign investment.

This is a powerplay by the US government, i doubt it will be changed much.

Doesnt really matter, because the crux of the story is that basically every company which interacts with crypto has to enforce KYC.

From wallet makers, retail companies to exchanges and everything inbetween.

This is massive overhead.


Btw. negative news dont do anything in a bull market, we would still pump anyway lol
This is just bad for long term adoption.

Its not just exchanges but every company that will hold crypto assets.

https://www.coindesk.com/fatf-crypto-travel-rule

Totaly fucked up

9900

Monday huge retail fomo will start and simultanously we will see a judas candle to 7-8k 

Tbh im still not sure if roach is actually a btc whale 

Super guppy flipped on the weekly.
Accumulation below resistance.

I hope you guys bought every fucking dip and go atleast 1x long on bitmex.

Financial advise

LoL  

Still waiting for the smart contract swap from the aimedis team.

There wont be any distribution before that happens.

Bankers know their time is up soon.

This is one of their last tries to grab as much money as possible.