Crypto Insider Leak?! Bull Market is coming MUCH SOONER than expected and will be MUCH HIGHER!

#crypto #news #bullmarket

A guy who works at a market desk has said that Bitcoin Demand has been growing since the ETF launch and the FTX selloff is the only reason we were down.
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* These are my opinions, they are not financial advice of any sort

So we got some uh Insider news maybe some secret news not so secret it’s been posted on Twitter so anyone who is looking on Twitter will actually F find this information I can’t vouch for this information because it’s not official um it’s like a phone conversation between

Two people I can’t say this guy is not making it up because we know that influencers do make stuff up but I I think the analysis goes with my own and has a a strong possibility of actually being true so this would be like some inside info um and I’m going to share

With you guys uh crypto zombie verified account on Twitter verification doesn’t actually mean anything it just means you paid Twitter so take that for what it is but he actually says just got off the phone with someone who I respect and Trust who has been in the traditional

Banking industry for years but pivoted to full crypto a few years back as they realize the corruptness of the old system this perfect this person runs a very successful OTC desk that’s um basically like B basically like you know trading um over the counter that’s what

An otd OTC desk is trading large amounts at set prices usually a little bit below the current bitcoin price we were discussing Bitcoin and the recent selloff after the ETF launch I explained that based on previous cycles and technical analysis that we had been looking at for years it would suggest no

New all-time highs before the having impossible chop until late three early Q4 before the god candle however this guy at the in on the inside of the BTC ETF says very differently now keep in mind I’m probably one of the biggest BTC Bulls you’ll ever meet but of course

Shortterm I want to say stay as level-headed as possible and not get overly bullish or bearish this person explained obviously he wants to protect this person’s identity that you can’t move forward by looking into a rearview mirror and demand for BTC has in fact been increasing ever since the launch so

Basically this guy on the inside is said you got to throw like a lot of the TA stuff and the previous cycle stuff out the window but even if you go with the previous cycle stuff we’re getting extremely close to the having just a few

Months off so you know like if this does actually happen according to Happ it’s going to happen within a couple of months anyways so I don’t think you’re going to lose out by buying just a little bit early so they went on to explain that the only thing holding us

Down right now is the gbtc and FTX selling and that we are basically entered a new paradigm so I’ve actually agreed with this like I’ve been reporting on this for the last few days not this particular story CU I didn’t know about it until like two minutes ago

But like the gpdc and FTX selling that’s the only downward pressure remember a billion dollars over the course of a couple of days is definitely going to hurt and that is basically the entire outflow like extra outflow plus some that gbtc has over the Fidelity and black rock inflows without the FTX

Selling we’d actually be positive still because remember people that are selling gbdc for Black Rock and Fidelity they’re just trading one for the other but there’s actual initial inflows from other institutions as well he said like this guy in theci to forget everything you know about the fouryear cycle and

How the BTC has behaved in the past now I wouldn’t go take it quite that far I think the four-year cycle still has a lot of uh relevance and I think it’ll only help uh push Bitcoin even higher once the initial selling is over a gradual climb to a new all-time high is

Imminent now notice he actually says gradual it might actually take until after April for alltime Highs but you know like within a couple of weeks the initial selling should be over and the gradual climb should actually be starting so I’ve been saying this for the last couple of weeks I was hoping

That like the um gbtc sales and the Black Rock and Fidelity stuff would cancel each other out and we wouldn’t go down but obviously like I wasn’t really depending on the FTX cells once again there is the albatross of the um there is the albatross of the mount

Gaw stuff but that’s always been kind of iffy and sketchy and we don’t really know what kind of impact that will actually have so I won’t share their price prediction for the end of the year but I’m gonna guess this guy on the inside predicted an all-time high but

Let’s just say it’s much higher than even I anticipated so probably way above 100,000 so the time to get in is actually now they explained that the previous ta that was worked on BTC will become irrelevant as it fundamentally shifts into a whole new market Beast I

Don’t think so because I think the constant selling pressure for miners will still actually be there um but they’ll have less to sell because there’s less BTC to sell uh could it possibly be that Bitcoin will shatter even the most bullish of bull expectations at a much faster Pace than

Ever before um no I still think we’re going to top at about 15 50,000 but I could be wrong I hope I am wrong and it pivots to the bullish side this person has no reason to lie to me or persuade me in any direction as our relationship

Is unaffected by whether price goes up or down of course this is the observation of one individual and doesn’t reflect anything outside I mean Kathy Wood has also been like super super um bullish about Bitcoin but obviously she has a very incentivized reason to be super bullish now I don’t

Think it’s going to go to$ 500,000 or a million dollars or anything I’m still looking at 150k possibly 200 if the Qatar thing comes in and I do think there’s going to be a gradual like buying of Bitcoin but I also think we’ll still follow the cycle somewhat but that

Being said the cycle is going to Peak like late this year or early next year so either way it’s going to be really good and we just need to make it past this kind of like lump phase and I think this phase will only really um stay like

Around this area maybe for like let’s say like a couple more weeks maybe two more weeks or so after the initial sales and you know I would expect an increase of maybe an average of maybe like 1,000 points every couple of days 1,000 points every week or so rather than just some

Kind of God candle up so you got time to DCA in but if you’re not dcing in now I think you’re really really missing out as for like where you buy in 36k 38k especially for Bitcoin I think it’s actually kind of irrelevant I highly doubt we’re going to 30k or anywhere

Downward so I don’t think there’s like a significance or I don’t think there’s a significant gain really from waiting out that much longer altcoin might be a little different and remember altcoins don’t have the ETF but bit altcoins usually go up with Bitcoin so like if

You want to wait a week or two for altcoins that’s fine but you do like uh you you do risk like missing out on everything so this guy is essentially saying take all your news your cycle your charts throw them out the window because this is kind of like a new

Paradigm that we’re actually facing and Bitcoin will go way way up now I’ve heard this from other analysts before and the thing is like I don’t share super bullish expectations for the top um I think you know like without the ETF maybe like 100,000 of the top with the

ETF 150 maybe 175 something like that and you know like these guys are looking at the actual inflows and yes there’s going to be way more inflow this time than last time because of the organizations and the institutions but remember it also takes more money to push Bitcoin up the higher you actually

Go so with this ETF coming in with with bit especially with Bitcoin and um ethereum ETFs coming in like these two are definitely going to rise up I still think the alts are probably going to beat Bitcoin in terms of performance and you know there’s going to be like alt

Large cap funds alt small cap funds and stuff like that that are coming in because and but we won’t really get those funds until at least 2025 and for other like altcoins maybe even 2026 and later because generally the the the kind of process is like you get some kind of

You get like some kind of legal Victory and then you have um a Futures ETF for a coin a spot and then a spot ETF for a coin the process for that is roughly a year and a half so we’re looking at like 2025 I think at the earliest late 2025

At the earliest for another non-bitcoin non etherium ETF and then like mid probably 2026 and later so there is an argument for uh putting more of your bets on bitcoin and ethereum in this upcoming run because of the ETFs and we are definitely just kind of waiting for

The selloff to actually complete the problem is we don’t really know when the selloff will compete complete grayscale has hundreds of thousands of Bitcoin and like they can dump for quite a while although like I said their outflows have been getting less and less Day by Day

Based on the projections by the end of next week they should basically be done but of course grayscale is extremely stubborn they won’t lower their fees and they’re basically playing the long-term drawout game and I’m not really sure if that’s going to win against black rock and Fidelity but think it’s kind of

Irrelevant honestly I don’t think like I think like if push comes to shove and they’re losing like all their business they will lower those fees and without the FTX sellout people aren’t actually liquidating they’re just trading one for the other so I think the effect on the

Market will be like very contained you can see as grayscale has like uh outflowed less and less you can definitely see like bitcoin price has actually dumped less and less you know we’re around 40K and we did go down to 385 but we are basically where we are we

We at the beginning of the week and you know barring any large volumes I do actually expect us to move a little bit up this weekend and into next week remember we still have like two more days uh we still definitely have two more days of reporting these numbers and

I’ll see like what balunas and others actually report uh basically tomorrow morning and Friday morning to see like how the outflows go and as long as the outflows are actually coming down as the other person said like uh the demand for Bitcoin has been going up overall on the

Market and these guys are like the ones that are actually buying and selling at these desks so they would actually know cuz I think there’s going to be still consistent buys at the other Bitcoin funds but there’s not going to be consistent sales out of grayscale forever but based on the amount they

Have it could go on for another week or two so if you want to wait a week that’s fine I personally wouldn’t I would per I would dollar cost average in right now because I don’t think we’re going much lower than we are right now unless they

Like like dump a huge amount of once unless unless there’s like another FTX out there that I don’t know about but right now like they’re basically saying that’s the only reason we’re going down and that’s kind of like a onshot thing and I I kind of suspected that too

Because looking at the outflows and inflows without the FTX liquidation there would actually be more inflows than outflows and that actually does make a lot of sense there’s also by the new by the rumor sell the news sentiment but it’s been about two weeks since the ETF so that should have actually worn

Off right about now so I think we’re like on the cusp of turning around I don’t think this draw back is going to be nearly as low or nearly as long as people think and um I think like a lot of the trading desks are actually preparing for that increase in demand

There’s also minor selling off but there’s always been minor selling off so I’m not really too afraid of that but yeah that’s like a little bit of a leak of like maybe private information he didn’t remember he didn’t mention the guy’s name he didn’t mention his actual

Prediction but it was really really high my prediction obviously is not that high I think he’s saying like 3 4 500,000 I just don’t think we’re getting there I mean I hope I’m wrong do get there but I just don’t think we’re getting there but

Like 150 I think is a pretty solid bet and we’re going to start going there I think a lot sooner than the having I think the having will catalyze it even more but I think we’re going to go there I think we’re like going to start going

There before the having so that’s the news for today let me know what you think like And subscribe hit that Bell notifications button thank you and have a nice day