DeFiWarhol

Long term holders are getting rekt.
$BTC that hasn’t moved much in ~155+ days.
When these holders start selling at a loss, it’s usually not a quick dip.
It’s real pressure in the market.
The LTH (Long Term Holder) PnL Ratio has been below 1 since late Jan, which means long term holders are selling more at a loss than in profit. Crazy.
In a normal dip, this ratio usually stays above 1 because strong hands are still selling in profit.
→ Jan 17 was peak profit-taking
→ Early Feb was heavy loss-selling
→ In March its still below 1, so the pressure isn’t gone
This market can’t hold upside for long.

I met with an old friend today
We haven't spoken since high school
We hung out at his house and he pronounced my name 20 times in the span of an hour
At first, I didn't understand what was going on with him
Then I saw this book on his desk

you're going to lose disgusting sums of money in the next 3-6 months
you're going to lose so much you will be embarrassed to tell anyone irl (keep it to yourself)
you’ll lose so much money that saying it out loud might feel like confessing to having a gambling addiction
you'll check your wallets, and it’ll look less like a number and more like a you got robbed
you'll lose so much you will have to wonder if you should start filing or at least start reading books about bankruptcy
you hanged around the entire bull market and now the universe decided you were overdue for another fat lose,
so lean

Me at 20
- Gym
- No alcohol
- No cigarettes
- Locked in
Me at 20:57
- Bar
- 5 beers deep
- Smoked 1 full pack
- Completely delusional

Tier List of Resident Evil Games
S: RE4, RE9
A: RE2, RE3
B: RE6
C: RE7, RE5
D: RE8
Agree?