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I LONGED BITCOIN AT $69,000 AND
NOW MY ACCOUNT IS LIQUIDATED.
F*#$K THIS CRYPTO SHIT ! I’M DONE
#TrendingTopic
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#BTC
#59k
#69k
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ARE YOU WORRIED ABOUT US GOVERNMENT BTC DUMP? A FEW HOURS AGO, IT WAS REPORTED THAT THE US GOVERNMENT WILL SELL $6.5 BILLION WORTH OF BTC. HERE'S WHY IT'S A FAR-FETCHED FUD 👇 1) BITCOIN MARKET IS WAY BIGGER IN 2024 ALONE, $379B OF NEW CAPITAL ENTERED INTO BTC $6.5B SELLING COULD BE EASILY ABSORBED WITHIN A FEW DAYS 2) MARKET HAS PRICED IN AFTER THIS NEWS CAME OUT, BTC DROPPED $700, AND SINCE THEN IT HAS STABILIZED IT SEEMS LIKE BIG ENTITIES ALREADY HAD THIS INFORMATION IN ADVANCE, AND THE DUMP FROM $102K TO $95K WAS TO PRICE IN THIS FUD. 3) SELLING WILL BE VIA OTC UNLIKE THE GERMAN GOVERNMENT, WHO SOLD THEIR BTC ON EXCHANGES, IT'S HIGHLY LIKELY THAT $6.5B WORTH OF BTC SALES WILL BE VIA OTC IN A NUTSHELL, I THINK THAT PEOPLE ARE OVERESTIMATING THE IMPACT OF THIS SALE. AS USUAL, RETAIL WILL PANIC SELL ONLY TO BUY HIGHER IN THE COMING MONTHS. #BTC #US $BTC
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WHY IS THE CRYPTO MARKET DUMPING? 3 REASONS BEHIND THE SUDDEN BTC AND CRYPTO DUMP 1) BETTER JOBS DATA YESTERDAY, US JOB OPENINGS DATA CAME IN AT 8.096M, EXCEEDING CONSENSUS OF 7.605M. GOOD ECONOMIC DATA MEANS FEWER RATE CUTS, WHICH IS BEARISH FOR RISK-ON ASSETS. 2) NEW PANDEMIC FEARS SIMILAR TO C-19, THERE'S NOW FEAR OF A NEW VIRUS, HMPV YESTERDAY, THERE WERE A FEW CASES REPORTED GLOBALLY, WHICH HAS CAUSED PANIC AS INVESTORS ARE RELATING THIS WITH 2020. 3) OIL PRICES RISING RUSSIA AND OPEC MEMBERS HAVE TIGHTENED THE OIL SUPPLY, WHICH RESULTED IN OIL PRICES RISING. HIGHER OIL PRICES MEAN HIGHER INFLATION, WHICH WILL STOP THE FED FROM DOING AGGRESSIVE RATE CUTS. I THINK MOST OF THESE FACTORS ARE BEING OVERESTIMATED BY THE INVESTORS. SOON, THERE WILL BE A REVERSAL, AND THE CRYPTO MARKET WILL SEE A FACE-MELTING RALLY 🚀$BTC
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🚨BREAKING🚨 BHUTAN'S NEW ADMINISTRATION REGION ANNOUNCED ADDING BITCOIN, ETHEREUM AND BINANCE BNB TO ITS STRATEGIC RESERVE. MASSIVE WIN FOR CRYPTO 🔥
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🚨 BREAKING 🚨 After Canadian prime minister Trudeau resigned, the Polymarket predicts that pro crypto politician Pierre Poilievre will become next Canadian Prime Minister. After Trump in USA, Canada about to get a pro crypto leader is Giga bullish 🔥
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🚨BREAKING🚨 GARY GENSLER WILL RESIGN AS SEC CHAIRMAN IN 17 DAYS. BULLISH FOR CRYPTO 🚀 $BTC #CryptoReboundStrategy
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