01 Feb 2023
Monthly market Wrap-Up: Honey badger don't careShort-term, I am bearish as the crypto market strength seems over-extended across multiple metrics, while a FED pivot still seems far away. Long-term, I am steadfastly bullish as BTC reclaims pre-FTX trauma levels.
A month-long echo has roared in the market. BTC is about to end January up 39%, its strongest month since October 2021. January will be remembered as the month where shorts and those underexposed bled as BTC ripped beyond pre-FTX collapse levels. Appreciate BTC’s ability to weather storms.