Are We About To Witness A Potential Black Swan Event?? 😱
You NEED to read this!
1/ On June 30th the FED hiked the interest rate by 75bps effectively starting the shrink of its balance
This will be the catalyst for July 4th... A Federal Bank Holiday that could shake the whole crypto market 💥
Here's why 👇
2/ Starting 1 July until July 5th we could potentially see a mammoth move to the downside...
🔴Risk assets will once more rediscover how much they loathe the Fed-sponsored quantitative tightening of USD liquidity conditions.
No fiat can be deployed until Tuesday, July 5.
3/ 🔴Crypto funds start selling any liquid crypto assets in order to raise money to meet fiat redemption demands.
You can imagine how sticky this could become... We might see major cash-outs, especially considering all the FUD ➡️ #Bitcoin Spot ETF Rejection, #3AC & #Celsius
4/ 🔴 No fiat deployed until July 5th..
The federal bank holiday falling on Monday could result in this weekend seeing a major move to the downside...
$BTC & $ETH might see significant drops but nothing too major in comparison to sh*tcoin slaughter that could take place 🩸🩸
The market for DeFi is growing but only🔝projects will survive this, while other speculative projects could be wiped during this bear market.. This is part and parcel of quantitative tightening.. Major projects will suffer but will make it out alive. the rest ☠️
6/ 🎭DEXs 🎭
These will continue to grow in popularity as the bear market progresses & eventually sentiment changes..
Current leaders might fizzle out IMO..👇
#Curve - I see a lack of interest bc of restrictive stablecoin trade (I'm more bullish on DEXs w/💩🪙 vs 💩🪙 trade
7/ I'm bullish on the decentralized internet sector 🌐
Most notable on Ethereum Name Services etc.
Ethereum hosting #Ethereum name services (.eth domains) opens up a huge bullish case for websites that can be traded as assets on places like NFT market places..
Credit to @CryptoHayes for the premise of this Thread. I really recommend you check out his writing on Medium.
He gives great insights, here's his most recent one on what actually happened w 3AC: cryptohayes.medium.com/number-three-5…
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1/ #Crypto has gotten people down recently. The bearish conditions have resulted in a lot of volatility, steep price declines & some being margin-called.
For those experiencing their first bear market - you might be the joke at family dinner "so how's your crypto stuff going?''
2/ If You've Done Your Research, You Understand This Is Temporary & That #Crypto Is Here To Stay - It's Coming Back Even BIGGER Once We Break Out Of This Bear Market 🔥🔥
Even so, the wait is long, and sitting on losses hits different... You've got to reset your perspective ✨
2/ Weeks of turmoil & negative price action have increased pressure tremendously & a number of reputable leading blockchain groups have started to buckle under the pressure..
The media narrative makes it seem like insolvency is on the horizon for #3AC
Thread for bear market massive gains:
In 2017 1000's of #crypto projects raised funds 95%+ of the projects that raised in 2017 didn't survive to see next bull run. They either:
1) ran out of money 2) gave up because they raised so much money they just retired (exit scam) 3) didn't find product/market fit
Blue chips are no brainers like $AVAX $SOL $DOT $ETH $BTC $MATIC etc... The will do pretty good, but not life changing gains, market cap is too high. If you want life changing gains here is what you can do, keep in mind this involves more risk than blue chips.