Anonymous 🌖 $UST
Anonymous 🌖 $UST 2 minutes reading from Bitcoin

Stock Markets Update: More Drama on Twitter, Binance Rumors and Scaling

Morning update:

Yesterday was another sideways day for stocks as well as crypto. Meanwhile, we are seeing a lot of drama on Twitter. There are now rumors about wrapped BTC and how it may not be fully backed🤔

Duo Nine | on Twitter

Binance also posted its proof of reserves and there have been a lot of critiques about it. Now they are claiming that this was just the first step and they will post an audited one in a few weeks👀 Binance BTC

CZ 🔶 Binance on Twitter

Not sure what to think of all this but we believe it is healthy to question all these things as this is the only way we can prevent the FTX-like story to repeat👌

Secondly, our indicator is printing top and reversal signals when it comes to SPX. Yesterday we also got a bear flag meaning that we may soon see a correction. Once it happens, it will be interesting to see how will BTC react. Definitely, something to watch👀

On the flip side, we are getting bull flags when it comes to the dollar index. Considering that SPX and BTC go down when DXY, goes up this could be another signal for correction in the stock market and final capitulation for crypto🤔

Last but not least, we are still seeing negative Coinbase Premium, which is signaling that the pain may not be over when it comes to crypto. This is also one of the reasons why we are patiently waiting for the final capitulation event with 30% of our position in stablecoins✅BTC

This post is based on this twitter thread.


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