WatcherGuru
@Watcher_Guruz
Watcher Guru gives you unparalleled, unbiased coverage of all-things finance & crypto in real-time | Posts Are Not Financial Advice
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Rumors are circulating that Qatar's Sovereign Wealth Fund is considering a $500 billion investment in Bitcoin.
If this were to be true, this would happen:
Since there are only 1,796,761 ($75,4 billion) Bitcoin left on the market to buy.
So, if they really allocate $500,000,000,000 to buy Bitcoin, it will easily catapult the price up to $200,000.
$BTC
If this were to be true, this would happen:
Since there are only 1,796,761 ($75,4 billion) Bitcoin left on the market to buy.
So, if they really allocate $500,000,000,000 to buy Bitcoin, it will easily catapult the price up to $200,000.
$BTC
Why did Bitcoin and Altcoins Crash ?
The last 24 hours were brutal for the crypto market as BTC crashed below $60k while alts crashed 30%–50%.
The primary reason behind this crash was the Iran drone attack on Israel.
During a war, commodities like oil and gold rise in value, which results in high inflation.
High inflation means no rate cuts, which is bearish for stocks and crypto.
This is why crypto sold off heavily yesterday, as people anticipated that this war could lead to high inflation, which would result in no rate cuts.
Once BTC and alts started crashing, those who had high leverage positions open started getting liquidated, which resulted in more forced selling.
Something similar happened during Covid in March 2020, Russia Ukraine war when the market panic sold and then rebounded within a month
As per some media sites, Iran already made their allies aware in advance
This means that the cartel were already ready for this dump
They just waited till the weekend as there was low volume and then crashed the market
After market started panic selling, they bought the dip as usual which resulted in a quick bounce
The lesson here is to avoid leveraged trades and keep your portfolio in spot.
This is the best way to maximize your gains while keeping your risks to a minimum.
Right now, BTC is trading above $63k with a strong support at $60k level
If $60k level don't hold, there is a strong support level at $56k - $58k where most of the new whales (ETF buyers) have bought their BTC
Keep in mind that after every black swan event, the crypto market has witnessed parabolic runs and the same will happen this time too
Hit like if you found this helpful 🤝
The last 24 hours were brutal for the crypto market as BTC crashed below $60k while alts crashed 30%–50%.
The primary reason behind this crash was the Iran drone attack on Israel.
During a war, commodities like oil and gold rise in value, which results in high inflation.
High inflation means no rate cuts, which is bearish for stocks and crypto.
This is why crypto sold off heavily yesterday, as people anticipated that this war could lead to high inflation, which would result in no rate cuts.
Once BTC and alts started crashing, those who had high leverage positions open started getting liquidated, which resulted in more forced selling.
Something similar happened during Covid in March 2020, Russia Ukraine war when the market panic sold and then rebounded within a month
As per some media sites, Iran already made their allies aware in advance
This means that the cartel were already ready for this dump
They just waited till the weekend as there was low volume and then crashed the market
After market started panic selling, they bought the dip as usual which resulted in a quick bounce
The lesson here is to avoid leveraged trades and keep your portfolio in spot.
This is the best way to maximize your gains while keeping your risks to a minimum.
Right now, BTC is trading above $63k with a strong support at $60k level
If $60k level don't hold, there is a strong support level at $56k - $58k where most of the new whales (ETF buyers) have bought their BTC
Keep in mind that after every black swan event, the crypto market has witnessed parabolic runs and the same will happen this time too
Hit like if you found this helpful 🤝
🚨 RUMOUR 🚨
IRAN OPENED BITCOIN SHORT AT
$70K AND ANNOUNCED ATTACK,
BTC DUMPED TO $60,600, IRAN
CLOSED THEIR SHORTS & BOUGHT
BITCOIN, ANNOUNCED MISSION IS
CONCLUDED AND PUMPED BITCOIN
TO $65K. NOW THEY ARE WAITING
FOR BTC NEW ATH.
( Sources - Made up )
IRAN OPENED BITCOIN SHORT AT
$70K AND ANNOUNCED ATTACK,
BTC DUMPED TO $60,600, IRAN
CLOSED THEIR SHORTS & BOUGHT
BITCOIN, ANNOUNCED MISSION IS
CONCLUDED AND PUMPED BITCOIN
TO $65K. NOW THEY ARE WAITING
FOR BTC NEW ATH.
( Sources - Made up )