Hello friends. I am taking a short position here. I thoght, since we have a big short, there had better be a small short too.

There is a 75% chance that the daily candle for the stock market will close lower than it’s open based on the fact that insiders sold their stocks yesterday. Since Bitcoin is quite correlated to stocks, it follows that Bitcoin has a similar chance of closing lower on the daily. Bear in mind we are looking for a long term bottom very soon for many reasons, but right now it doesn’t seem to be in yet. It follows logically that the Market Makers will want to “raid the liquidity” below the lows before actually pumping Bitcoin .

Bear in mind that options data is bullish here: Max pain is at 34k, and retail is buying SOOO many puts. Even with all of this on the table, I *still* want to be bearish here. That should say enough. Insider traders trumps everything, and insider traders says: Be bearish . So be bearish .

Thanks for playing.