BTC – the dog is back
The constant underperformer is back to puking. We have to admit we thought BTC would actually catch up to some of the equities squeeze momentum, but that was obviously wrong. The classical NASDAQ vs BTC gap is getting huge. Second chart shows the liquidation. There are absolutely zero institutions that want/need this type of volatility…and this remains as bitcoin’s biggest problem (chart 3).
Source: Refinitiv
Source: Coinalyze
Source: JPM
BTC – when you try to catch up…
…and what you are chasing reverses lower as well. The BTC vs ETH gap remains very wide…
www.zerohedge.com/the-market-ear/pukeisback
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