🌟New month is coming and the history says that September was Crypto's worst month ever but we don't need to worry too much because the market always goes against the retailers theory
🌟 We are safe until we trade within this range. Checkout the morning post
- 📉 Retail investors panic sold $1 billion in the last 48 hours. - 🏦 #JPMorgan reports institutions bought over $14 billion. - 📊 Retail sales: -2.5 standard deviations below the 12-month average. - 📈 Institutional buys: +2.9 standard deviations above the 12-month average. - 🤑 Michael Saylor owns more than $1 billion worth of Bitcoin. - 🐋 Whales are buying the dip. - 😟 Retailers risk missing out if they panic sell during dips. - 💡 This mindset disparity is why the rich get richer and the poor get poorer. - 👍 Advised friends to hold no matter what. - 🐢 Slow recovery, but steady progress. 💯
In the past 24 hours, Bitcoin's price plunged below $50,000, wiping out profitability for 18% of investors. Now, only 75% of Bitcoin holders are in profit, down from 93% just a few days ago. The crash is due to broader economic uncertainties, including fears of inflation and interest rate hikes.
Market reactions are mixed; some investors are panic selling, while others see a buying opportunity, causing the price to slightly rise to approximately $54k+.
📈📈 Volume of the BLACKROCK Spot Bitcoin ETF IBIT rose to $2.2 billion, a 4-month high.
#bitcoin☀️ is plummeting, currently trading around $58.5k. The ongoing war is exacerbating market fears, and if we didn't bounce from here then we could see prices drop further to the $50k-$52k range.
While panic is understandable, now is not the time to sell if you're already invested. This could be a historic buying opportunity. If you have stablecoins (USDT), consider gradually accumulating Bitcoin and some good Altcoins (like $SOL , $FET , ONDO, $INJ , JUP, BCCCOIN, RENDER etc.) at these lower prices.
Remember, markets are cyclical. This downturn won't last forever. Stay calm, hold strong, and keep an eye on our channel for updates.