Closed my long in profit ✅. The market feels uncertain to me right now 🤔, I don’t sense a strong rally coming anytime soon 📉. Just my personal feeling 🤷‍♂️. I’ll wait until things get clearer.

Wishing everyone a crypto-positive day 🦖!

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On November 11, I opened a long position on Bitcoin 📱. Since then, I’ve been holding it, keeping a reserve in case Bitcoin drops below $70,000, although I don’t believe it will. The same pattern keeps repeating: the market needs fuel 🔋 for growth in the form of losing short positions and a strong entry price that makes it psychologically easy to hold.

Large investors typically allocate 1–5% of their total portfolio to Bitcoin with a planning horizon of 10 years or more. From their perspective, in the worst case they lose only that 1–5% over a decade, while in the best case the returns can outperform the rest of the portfolio many times over 💰. With this kind of math, large investors aren’t motivated to sell Bitcoin, because the potential upside far exceeds the possible downside. It’s similar to a short with 1× leverage: the maximum you can earn from a short is +100%, while in a long the profit is unlimited ⚖️.

So I’m waiting comfortably 😌, and planning to consider closing the position in the $110,000–$125,000 range.

Wishing everyone a crypto-positive day 🚤!

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A sharp drop in Bitcoin’s price shocked many 😮, especially given the lack of new fundamental reasons that would justify a move of this magnitude. I’ve seen this pattern more than once. After a long rally, the market gets “tired,” and strong players take advantage of it.

A structural weakness of the market remains. Liquidity in exchange order books is limited 📊. A lot of new short- and mid-term investors entered Bitcoin via ETFs. When panic kicks in, they start selling, and those flows hit relatively thin order books, amplifying the decline.

The key question is simple. Do you really believe Bitcoin is finished? 🤔
I don’t.

If that’s the case, current levels look interesting for long-term exposure without leverage 🧘‍♂️. Price is already approaching the mining cost zone ⛏️. Historically, this has been an area of interest for long-term investors. The world’s largest companies continue to accumulate Bitcoin with a long-term horizon 🏦. Bitcoin isn’t going anywhere. In the long run, the US dollar keeps losing purchasing power 💵➡️📉, which means asset prices rise at least in line with inflation 📈.

As for me, I’m holding my position 💪. My leverage was below 2. If the decline continues, I’ll reduce part of the position.

Wishing everyone a crypto-positive day 🛋!

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