The buy the dip opportunity in Bitcoin following data exists because initial reactions are in most part driven by correlation algos Pre-programmed to short term correlate with cross asset moves Knee jerk higher rates, lower equities, lower Bitcoin etc But that’s not the regime driving Bitcoin currently and not the regime the larger, discretionary money trades So knee jerk the algos sell Bitcoin on the headline and that also can wash any short term leveraged spec money Then the real buyers step in and take us back higher
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