Today, we’d like to highlight two great posts on Stocktwits.
StonksAF presented his bullish case for bitcoin,
And Thelonius_Stonk shared this sublime Solana chart,
T. Stonk draws a horizontal line coinciding with former resistance that then acted as support.
If you’d like to be featured in Stocktwits Crypto Spotlight, tag @coloradoriley as you share simple crypto charts.
Spend any time on the Stocktwits Bitcoin stream; you’ll see many people screaming bull and others screaming bear. 🐻
If you thought yesterday’s Litepaper highlighting the $713 in liquidations was bad, well, it got worse. 😱
$804.30 million in longs and $259.04 in shorts for a whopping $1.06 billion in liquidations affecting nearly 300,000 traders.
Alright, now we know this is primarily an equity-focused newsletter. But speculation in the market has been building extensively through the last few months, and there’s no better vehicle to visualize that than one with no intrinsic value. 😆
Ok, you had to let us get one joke in there. After all, we just said what we were all thinking but wouldn’t say out loud. Let’s dive into some wild stats. 👇
Will Bitcoin ever match the gold in investors’ portfolios? 🏅
JP Morgan ($JPM) thinks that for Bitcoin to rub shoulders and match the allocation of gold in investor portfolios, its market cap would need to skyrocket to $3.3 trillion.