Smart Money outflow from BTC / ETH and inflows into BNB.

As we have witnessed a bloody crash last night in BTC price while it took down the prices of alts along with it to downward levels while BTC’s dominance remained the same, if it was to peak to 57-58% the scenario would not have been closed to what we saw yesterday, it would have been much worst. We saw a drop to 60,888 liquidating a lot of late long traders or traders with high leverage before market turning quickly to smash late shorts or high leverage shorts. In total 140$ million was erased from market with 64,000 traders getting liquidated.

So where exactly the smart money is moving out from BTC, SOL & ETH into not just to hedge but to earn from it and that too on the spot as no one can predict the market perfectly and since smart capital is shy it obviously would have taken refuge in a safe yet profitable position in the market and that is BNB and LTC, after a very simple punishment against the ideas of market gurus and pundits, Judge gave him only few months of sentence making the FUD against Binance and CZ vanish away unlike other so it gives BNB and CZ a very good chance to make a come back in coming future. We saw a drop till 60,888/- and that is not all folks, market structure has broken down and we can anticipate further wave down till the 58-57k level to restore the market imbalance. Stay away from the market especially shorts if you are novice and don’t understand the market dynamics. Further incoming economic data will further hemorrhage the market sentiments along with the prices trapping a lot of investors.

Stay cautious !!

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