downtrendpepe
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The crypto market is down today due to a combination of factors:
1. Yen-Dollar Carry Trade Disruption: The Bank of Japan’s recent interest rate hike has made yen borrowing more expensive, disrupting the yen-dollar carry trade. Traders are closing positions in riskier assets like cryptocurrencies to avoid higher borrowing costs, contributing to a market sell-off .
2. Large-Scale Liquidations: Over $1 billion in long positions have been liquidated in the last 24 hours. This mass liquidation has caused a cascading effect, driving prices further down as traders close their leveraged positions .
3. Spot Bitcoin ETF Launch: The recent launch of spot Bitcoin ETFs in the US led to a sell-off rather than the expected price boost. Investors cashed out heavily from products like Grayscale’s GBTC, adding to the downward pressure on Bitcoin and other cryptocurrencies .
4. Bearish Sentiment: The overall market sentiment has turned bearish, with many traders stepping back and closing their positions. This is reflected in the negative funding rates for major cryptocurrencies like Bitcoin and Solana .
These factors, combined with ongoing geopolitical tensions and economic uncertainties, have led to the significant drop in the crypto market today.
#MarketDownturn #BTCMarketPanic #CryptoNewss #downtrendpepe #
1. Yen-Dollar Carry Trade Disruption: The Bank of Japan’s recent interest rate hike has made yen borrowing more expensive, disrupting the yen-dollar carry trade. Traders are closing positions in riskier assets like cryptocurrencies to avoid higher borrowing costs, contributing to a market sell-off .
2. Large-Scale Liquidations: Over $1 billion in long positions have been liquidated in the last 24 hours. This mass liquidation has caused a cascading effect, driving prices further down as traders close their leveraged positions .
3. Spot Bitcoin ETF Launch: The recent launch of spot Bitcoin ETFs in the US led to a sell-off rather than the expected price boost. Investors cashed out heavily from products like Grayscale’s GBTC, adding to the downward pressure on Bitcoin and other cryptocurrencies .
4. Bearish Sentiment: The overall market sentiment has turned bearish, with many traders stepping back and closing their positions. This is reflected in the negative funding rates for major cryptocurrencies like Bitcoin and Solana .
These factors, combined with ongoing geopolitical tensions and economic uncertainties, have led to the significant drop in the crypto market today.
#MarketDownturn #BTCMarketPanic #CryptoNewss #downtrendpepe #
Hello I hope you all are fine. I was noticing the movement of #Pepe coin and was really amazed by the bearish trend it showing.
My prediction for Pepe is still going down the drain. If Pepe coin crosses the value of 0.00000837 then it might go further down the drain. If it bounces from their then it might go up till 0.00001195.
If it fails to bounce back from the above mentioned value then it might end up going down till 0.00000667.
I am certain, depending upon my strategy that it would go further down and reach the value of 0.00000667.
So if anyone is up for buying Pepe and selling it later for profit then this is the real time to act.
#bearstime $PEPE #downtrendpepe
My prediction for Pepe is still going down the drain. If Pepe coin crosses the value of 0.00000837 then it might go further down the drain. If it bounces from their then it might go up till 0.00001195.
If it fails to bounce back from the above mentioned value then it might end up going down till 0.00000667.
I am certain, depending upon my strategy that it would go further down and reach the value of 0.00000667.
So if anyone is up for buying Pepe and selling it later for profit then this is the real time to act.
#bearstime $PEPE #downtrendpepe
crypto market crashed alert..🐂specially Pepe short ....on future trade 😉and book the profit..target.0.0011.10.09#bearishpepe #downtrendpepe 1000%worked my analytics on pepe coin bearish
🚨 MARKET MELTDOWN ALERT! 🚨
The latest CPI data has sent shockwaves through the market, triggering massive sell-offs and investor panic. 📉 Inflation figures came in higher than expected, fueling concerns that the Fed may take aggressive action with rate hikes. 📊 With the cost of living rising rapidly, markets are reacting with extreme volatility. 💥 Stocks, crypto, and even commodities are seeing wild price swings as investors scramble to adjust their positions. 😱
This unexpected CPI spike is shaking up everything, from tech stocks to traditional safe havens. 💡 Traders are bracing for more turbulence in the coming days. 🌪️ Buckle up, as the next few trading sessions could get bumpy! ⏳
Is this the start of a bigger correction? Stay tuned for updates! 📢
#downtrendpepe #downfallnear #Debate2024 #Write2Earn!
The latest CPI data has sent shockwaves through the market, triggering massive sell-offs and investor panic. 📉 Inflation figures came in higher than expected, fueling concerns that the Fed may take aggressive action with rate hikes. 📊 With the cost of living rising rapidly, markets are reacting with extreme volatility. 💥 Stocks, crypto, and even commodities are seeing wild price swings as investors scramble to adjust their positions. 😱
This unexpected CPI spike is shaking up everything, from tech stocks to traditional safe havens. 💡 Traders are bracing for more turbulence in the coming days. 🌪️ Buckle up, as the next few trading sessions could get bumpy! ⏳
Is this the start of a bigger correction? Stay tuned for updates! 📢
#downtrendpepe #downfallnear #Debate2024 #Write2Earn!