Avenger Call – 26 Nov 24

02:09: Bitcoin see’s a 9% pullback after massive run-up from Trump election to nearly 100K in under three weeks.
07:07: MicroStrategy bought 55,000 Bitcoin for $5.4 billion, now holding just under 390,000 BTC.
10:13: Long-term Bitcoin holders selling, outpacing ETF inflows, suggesting potential profit-taking.
12:26: Wrapped BTC experienced flash crash to $5,000 on Binance, quickly recovering within a minute.
15:34: Pump.fun platform faces potential shutdown due to inappropriate live streaming content.
18:06: UK FCA plans to fully regulate cryptocurrency by 2026, with 12% of adults now owning crypto.
24:30: Market warned of potential sharp decline following rapid price increases.
25:48: Bitcoin experiencing 8-9% decline over recent days, seeking potential support levels.
28:30: PI Cycle indicator historically predicted market tops within plus or minus three days.
31:06: PI Cycle gap unlikely to cross for several months, indicating extended market time.
40:21: Market sentiment shows cooling trend with decline in Fear and Greed Index.
44:01: Cardano experienced retail-driven price surge, rising from $1.20 to $3 in six weeks during bull market.
48:53: Bitcoin dominance dropping to 58.5%, potentially signaling start of altcoin season.
58:49: Bitcoin will break $100,000 before Christmas.
01:00:11: MicroStrategy stock closely tracks Bitcoin price due to massive BTC holdings of nearly 400,000 coins.
01:02:16: America plans to buy 1 million Bitcoin over five years, potentially giving legitimacy to other sovereign bitcoin investments.