Mbeyaconscious
--
Why Is Bitcoin Seeing a Dip? 🚨📉
VISIT MY PROFILE AND VOTE TO WIN 5 USDT REBATE VOUCHER
Just two days ago, Bitcoin ($BTC) was riding high at $64,000, but today it has fallen to $58,000. Let’s break down the key reasons behind this recent downturn:1. Geopolitical Tensions 🌍 - The ongoing Russia-Ukraine conflict has intensified, especially following the recent drone attack on Russia. In times of geopolitical uncertainty, risk assets like Bitcoin often face selling pressure as investors seek safety.2. ETF Outflows 📉 - Bitcoin ETFs experienced a substantial net outflow of $127 million yesterday, marking the highest daily outflow since early August. This withdrawal of funds from Bitcoin-backed ETFs can contribute to downward price pressure.3. Market Manipulation? 🤔 - While traditional markets like the S&P 500 and NASDAQ are seeing gains, Bitcoin is struggling. This divergence suggests potential market manipulation, where certain entities might be trying to suppress Bitcoin prices.
Looking Ahead:
Despite the current dip, there are signs of strong accumulation in the $50K-$65K range. Bitcoin exchange supply is hitting new lows, indicating that smart money is buying up BTC at these levels. Once this accumulation phase wraps up—potentially by the end of September—we could see a significant breakout. 🚀
Stay tuned and keep an eye on the market—this dip might just be a setup for a major rally ahead!
$BTC
$DOGS
$BNB
#CryptoMarketMoves
VISIT MY PROFILE AND VOTE TO WIN 5 USDT REBATE VOUCHER
Just two days ago, Bitcoin ($BTC) was riding high at $64,000, but today it has fallen to $58,000. Let’s break down the key reasons behind this recent downturn:1. Geopolitical Tensions 🌍 - The ongoing Russia-Ukraine conflict has intensified, especially following the recent drone attack on Russia. In times of geopolitical uncertainty, risk assets like Bitcoin often face selling pressure as investors seek safety.2. ETF Outflows 📉 - Bitcoin ETFs experienced a substantial net outflow of $127 million yesterday, marking the highest daily outflow since early August. This withdrawal of funds from Bitcoin-backed ETFs can contribute to downward price pressure.3. Market Manipulation? 🤔 - While traditional markets like the S&P 500 and NASDAQ are seeing gains, Bitcoin is struggling. This divergence suggests potential market manipulation, where certain entities might be trying to suppress Bitcoin prices.
Looking Ahead:
Despite the current dip, there are signs of strong accumulation in the $50K-$65K range. Bitcoin exchange supply is hitting new lows, indicating that smart money is buying up BTC at these levels. Once this accumulation phase wraps up—potentially by the end of September—we could see a significant breakout. 🚀
Stay tuned and keep an eye on the market—this dip might just be a setup for a major rally ahead!
$BTC
$DOGS
$BNB
#CryptoMarketMoves
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
G
0.03762
+16.90%
Replies 0