read.cash Log in
@BitcoinBaby more from that month

𝐂𝐫𝐲𝐩𝐭𝐨 π–πžπšπ­π‘πžπ« π…π¨π«πžπœπšπ¬π­ What a day we had: This dip has been wiping around $200 billion from the combined crypto market and ​​about $405M of Positions got Liquidated Due to BTC Drop Below $44,000. BTC dropped to the 42K zone, something I said could happen when 44.2K resistance was broken. Happy Days.... Is this the end of the world? Yes but it will take a lifetime or 3. So what happened, well first of all we still needed that hated correction since the surge from 38K to 48K and this possibly was the correction. Secondly all markets in general tanked due to the stricter sanctions on Russian oil and what that could impact in the short term. Thirdly Miners started selling increasing the supply and therefore lowering the price. Does it worry me..... of course not we all know that a high-profile developer has been teasing us with "big surprises," and that the cryptocurrency market could be in for a shake-up during this Bitcoin 2022 conference so all will be fine. Just joking, because I would plant those rumors just to sell more tickets...but we came from a deep place and price has to drop on itΒ΄s way up. There has been a lot of positive news lately building up the momentum ....that momentum seems to have halted over the last couple of days...but big boys like Terra and Microstrategy keep buying and many other big wales bought the dip yesterday as the general sentiment is still that we are in the disbelieve/hope zone building up to the bull run. #crypto

3 comments

Log in to join in Reading is open to everyone. Replying needs an account.