Ok, so what just went down? It’s 6am, I’ve just woken up in Tbilisi, checked Twitter, whale groups, and DMs— and we’ve got a sea of red. Everything was quiet, then BOOM, Bitcoin tanks.
First thing most people are thinking: "Past performance equals future performance, right?" (Sarcasm, guys. But yeah, people still believe this). Then comes the technical analysis crowd: “Oh look, this line crossed that line, that’s why we crashed.” Seriously, stop relying on TA like it’s gospel.
Let’s get real here. If you look at the situation, this crash was likely triggered by something on the spot market, followed by a chain reaction of liquidations in the futures market. The data shows it pretty clearly.
So, what could’ve sparked this mess? Here are three possible triggers:
1. Institutional exits or whale movements: We’ve seen whales making sudden moves, and with no major buying pressure, it’s like a house of cards collapsing.
2. Macro-economic factors: Global markets have been shaky—look at rising interest rates, inflation concerns, and even the recent drop in tech stocks. Crypto isn’t isolated from this chaos.
3. Regulation FUD (again): We keep hearing more about potential crackdowns, especially with ETFs still hanging in limbo and governments tightening their grip on crypto.
In short, Bitcoin got a gut punch, but this is crypto—we’ve been through worse. Hold tight.
