Short squeeze and ETF bullshit :rotating_light

This is what our traders think about the short squeeze

“Just can't hear that BS about a miraculous short squeeze, just because we are AGAIN at ATH. According to that, no chart whatsoever would be able to surpass its ATH?! We are as well in a bear market. And JUST had our increase from 6120->8500, what now? Short squeeze like in April and pump 1500$ ? :smile: I think this is highly unlikely and just bullshit used to influence traders. And then again, for what reason? A bullshit ETF that is going to be rejected?!”

We might be right, we might be wrong.... But the fact is that so many inexperienced traders are totally convinced about the ShortSqueeze frightens us and we give it a high possibility that the opposite is gonna happen.

We can’t hear all this bullshit about so many ETF rejections. Guys, there are so many ETF applications. Most of them have no chance of being approved! It isn’t even worth posting. We have declared this before: the only ETF we should all care about is the CBOE ETF (if you haven’t read our post, pls scroll up) which has the highest chance of being approved! However, even this one could be delayed until March!!

Altcoins Situation

Moreover, we believe that altcoins will face hard times in the next months. Imagine the CBOE ETF will get rejected/delayed. What happens then? The whole market will tank. Now imagine the ETF gets approved. What will happen? Most likely everyone in the space is going to jump into BTC and alts will suffer again. Only after institutional funds will include altcoins and the regulations are clearer, altcoins may go on another run. Also, once BTC goes back to 10k level because of an ETF approval, this will be the time when noobs will enter the market in masses and they will also pick on alts because someone is going to tell them.

The narrative that they are cheap (while most of them are still overvalued) will again rule their minds!

Enough said for today. We don’t have a crystal ball, but this is how we see the market in the upcoming months. In our view, the earliest point in time for a potential bull run will be November.

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