While there are widespread reports of the US Government selling all of their BTC, it turns out that the assets are still there and untouched
So why is the market dumping? 3 reasons remains clear
1: There's an imbalance around $90k, a wick that was left behind a few weeks ago
2: As a result of 1 above, market makers will move price to that point using any available news. And that's the rumour of the US Government selling Bitcoins following the approval from the DOJ. This is the power of FUD at its finest
3: All is actually not FUD. While the US government wasn't selling Bitcoins, someone else was. And that's BlackRock!
Those are the three reasons that came to mind. If you like the content I share, please follow
@Seitastic for more of them
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