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READ THIS - IMPORTANT MARKET UPDATE 🔥
While most people are panicking and in doubt, I took this opportunity yesterday to accumulate more Alts and BTC.
2 Main Reasons behind the Crash:
1.) Yesterday, after the News seeing more than 300 Drones where Iran attacked Israel creating a war-like scenario, the price plunged almost 10% in minutes.
2.) Bitcoin is also undergoing a pre-halving correction. Historically, we saw this already in 2016 and 2020 which was strongly expected going to happen this time as well.
There's only 5 Days left until the Halving Event.
Don't forget that after the halving, Bitcoin tend to make a big move aka Moonshot.
⭐SUPPLY SHOCK INCOMING ⭐.
1.) A Bitcoin halving event occurs when the reward for mining Bitcoin transactions is cut in half.
Think of that in this way: Miners getting half of the Bitcoin Block Rewards, BUT the Energy-Costs for mining Bitcoins stays the same = Price Adjustment
2.) While the Demand for Bitcoin is increasing, there's 1 thing that you need to be aware off: The Bitcoin Balance on Exchanges is DECREASING a lot! (I've attached you a screenshot of the current Bitcoin Balance on Exchanges). At this writing, only 1.73m BTCs left on Exchanges.
- Don't forget only 21 million Bitcoins will ever exist.
- While most people are panick selling, whales are accumulating as much as they can.
- Jan Van Eck (CEO of VanEck) said on stage at Paris Blockchain Week, that 90% of all Bitcoin ETF inflows are still retail.
- Hong Kong to approve Spot Bitcoin ETF's around April 15th, according to sources familiar with the Hong Kong Securities and Futures Commission (SFC).
- Bitcoin Hashrate is increasing a lot and hitting new ATHs.
While people panic, whales accumulate (Mr. 100 Screenshot).
💥 Panic Psychology in Markets:
1.) News hits generating uncertainty / fear
2.) Fear triggers impulsive panic selling.
3.) Smart money buys the discount. The Prices stabilize
4.) Time passes, the News becomes the "new normal". Uncertainty fades. Markets recover
