Many crypto talking heads have discussed the idea of buying the dip, the accumulation phase of the bull cycle and similar ideas.
This might very well be the accumulation phase for BTC as the big boys load up their bags for the remainder of the bull run.
What I am looking at is RUNE. I think many a LEO has considered buying RUNE - if they haven't already.
Recently, there was an attack (actually 2 attacks) on the Thorchain ETH router.
This caused about 2,000 ETH to get stolen from LPs on multi-chain chaos net.
Despite the bad press of this attack, the Thorchain team has a large treasury and all of these impacted LPs will be made whole anyways.
Chaos net is called chaos net for a reason.
To me, this creates one of the greatest opportunities to accumulate RUNE.
Maybe this bull run is over and we're bound to trend lower in the overall crypto markets...
or maybe this bull market is in an accumulation phase and we're just waiting for a massive breakout to the upside over the rest of the year.
If it's the former, then we'll LP our RUNE and wait out the bear market... accumulating and accumulating and building a MASSIVE position.
If it's the ladder... then we're accumulating as much RUNE right now as possible and $20-$60 RUNE is on the horizon... leading us to a 10x on our accumulation at this price level.
Either way, I'm scooping up all the RUNE I can here and I see that many other LEOs are doing the same.