Bitcoin Trading Diary 20240121 - Weekend Volatility Goes Away.

 Even before Bitcoin ETF was approved 


By the weekend, volatility almost disappeared. 


I think it's been like that since about a year ago. 


After four years of rolling in the market, I can feel such changes in my body. 


I think it's over 


A huge volume of trading occurred in the three months between June and September 2022. 


In those three months, volume has risen to the sum of the accumulated volume over the previous 10 years. 


Luna crisis accelerates downturn, FTX crisis 


The market is in a state of abi-gyu-hwan


Throw all the weak hands into the market 


It was swallowed up by a huge amount of capital. 


It's only three months, but the fact that this volume has happened


Someone decided to start buying and selling. 


From then on, trading volume disappeared and volatility disappeared on weekends. 


Looks like he's leaving work. -.-;;;


This is where you can guess whether these Bitcoin went into someone's hand. 


And news about ETFs flooded the media and prices more than doubled. 


Now, a significant amount of Bitcoin circulating in the market is in the hands of Wall Street's financial capital. 


Like gold bars in Fort Knox. 




There's no point in saying it's good or bad. 


Bitcoin is a de-centralized asset, and its meaning is undermined, and if you talk about that


You are a politician or scholar. 


But we are traders and we have to figure out whatever the situation comes and find opportunities in it. 


Don't rush to buy and sell on weekends. 


Let's relax and enjoy it 


Don't you feel comfortable spending the weekend without a position? 


There will also be times when new trends come to the market. 


For a while, there will be a market controlled by Wall Street and ETFs. 


In the meantime, you just have to act according to the law. 


It's like wearing short clothes when summer comes and long clothes when winter comes. 


Don't blame the environment, but let's adapt to it.


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