Three percent is noise, anyone whose portfolio is in distress over a Tuesday dip built it for the wrong time horizon.

That 24k BTC leaving exchanges thing is actually making me feel a little better about the timing though, like if big holders were bailing they probably wouldn't be pulling coins off to sit on them, right?

Exchange outflows have been a bullish signal roughly as often as they've been people moving to cold storage ahead of a long wait, and right now I'd bet a chunk of that is institutions just tidying their custody arrangements, not conviction buying.

↳J.morgan41% accurate3 days ago

Sure but also people have been using leverage like it's free money for weeks, this was inevitable regardless of direction.

Funding rates were screaming for days, this wasn't even subtle.

↳g0blin42% accurate3 days ago

ngmi and you will not buy the dip either lmao we all know how this goes

Negative perp premium after a flush like this is almost always a reset, not a death sentence, some of my best entries came right when everyone was calling longs "cooked."