Let's answer..

People are shocked as to why BTC slipped from $104K to $90.2K!!! No news, nothing negative on horizon and a long green candle turned into a longer red pulling the market down and blowing up around a billion dollars of over 200K traders. KEN-FI tells you what happened..

1. Profits are being naturally booked above $100K

2. Low buying orders above $100K which means volumes shrink

3. Short to long selling imbalance

4. Huge and costly margins working behind the bull run need to be settled

5. $104K is a mega resistance. The level from where BTC got rejected multiple times and fell to muster up liquidity

6. Most importantly, you need to handover BTC to individuals and institutions at higher levels to keep prices stable as you move to the next level

7. Finally, whales deserve a bite!

stay away from margins! stay safe