Bitcoin Leverage if you are a short-term Trader I would definitely be careful on the month of September I'm going to share with you why it's probably not the most bullish month ever okay but I'm also going to share with you my thoughts on the market going forward and if you've been following me at sir Crypt tips or at learning crypto.com where I share my thoughts on the market my portfolio and our trade alerts you will know that I've have called for this dip that we just had actually made many many warnings about people for the last 4 days actually telling people Hey listen don't be surprised if we do go back down to the high to Mid $50,000 range there's a lot of people who said it ain't going to happen we are going we're we're up only now well these people are going to learn time and time again that no we're not going up only and not only did I say that but I also proved it that listen open interest is still kind of high we just had a dip in the amount of Leverage in Bitcoin and that is very good you want to see open interest at a low level but the amount of Leverage that had gone into the Bitcoin space uh was just a little too much and we also had a billion dollars of liquidations uh today which was fantastic that's what I wanted to see I want to see these leverage gamblers just absolutely destroyed and also I want to see these shorts getting destroyed as well so both sides I'm not just a long a leverage long hater I'm a leverage short hater as well and if you know me for since 2012 I have been buying spot and holding I don't trade and I'm doing better than most of these influencers out there by far first off I do want to Hal Finney commemorate uh halny if you don't know who halny is I'm not even going to say who he is you should know this if you really want to learn about Bitcoin I'm going to have you do your homework but uh 10 years ago today was the first Bitcoin the first Bitcoin recipient halny passed away and um he was actually cryogenically frozen so maybe someday they will come out with technology that he will be able to live amongst us uh once again I would love to actually meet the guy the guy's a freaking hero and if you want to find out why hfny is a hero check out book why crypto you can find it at shop. learning crypto.com okay moving on we have uh more information on Telegram the telegram founder uh uh France just lost1 billion in one day because the UAE has paused uh buying fighter jets 80 fighter jets from France uh because of what has happened with um uh with the uh telegram CEO o so that's actually really good there's at least some fightback with uh free speech and it's kind of crazy that it's coming from the UAE moving on we have binance under under Binance Seizing Crypto Fire for allegedly seizure of Palestinian crypto assets at Israeli behest what is the moral of the story here I'm I'm going to stay completely out of that mess but I just want to say that it's important for everyone on Earth that isn't a government to go ahead and keep their own coins on a hardware wallet or off an exchange for the majority of your funds yeah sure you may want to trade your uh with some funds on binance or whatever but keep in mind that that is dangerous and you can see what can happen very easily if you are born in the wrong place as you can see right here I am uh definitely am a proponent of keeping your coins in your possession with a hardware wallet let's cover why Wake Me Up When September Ends September could be a bad month for uh crypto okay so this is from Lark Davis he says September has uh historically been the worst performing month for Bitcoin in the past 10 years we've seen a positive return just three times so check out this graph right here here as you can see this is what happens usually in September it is usually a very red month so this bull market is a bit different because we did uh go to all-time highs before the having and that is really important to understand that we have a different player in this space so I wouldn't say it's completely um uh what do you call it retail driven this is more institutional driven uh uh price action plus we also have instit whales which love to manipulate the price and that is why I keep looking at open interest I keep looking at different metrics to see where we are in the Bitcoin cycle so typically what we see is once again from what I've said on prior V videos is that once we do hit around 130 150 160 days after the having that is when we really bust out of the range that we've been in because we've been in this range for now 6 months so half a year um and post having we've been in this range for about 36 days now I I think it's to be exact uh so yeah I'm not worried one bit this is only I'm just warning people that are just short-term Traders not long-term Traders if you are holding spot out of Leverage you are freaking golden guys okay golden so anyways if you do like this t-shirt by the way check it out at shop. learning crypto.com that's 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