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Showing posts with the label Bitcoin crash
Bitcoin (BTC) short squeeze rally pumps 11% on a so called supply shock through Coinbase exchange, and BlackRock selling $millions of their BTC ETFs per day.
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self explanatory chart: Bitcoin (BTC) bull traps at 65800 and 63500. Note 24 hr volume, up over $700 million in capitulation.
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Bitcoin crash wipes out ETF and BTC derivative positions. Millions $ unwind.
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Bitcoin resumes its relentless selling as money pours out of BTC ETFs and BTC holders. WIth 64000 price support looming. The question or lesson from the Crypto wipeout in 2022. Is how will the crypto/BTC exchanges hold up? Liquidity wise? Did it fall under the radar of the Federal Reserve again?
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self explantory chart: Bitcoin collapses over 5% since Blackrock and other 'funds' get ETF approval from the SEC for Crypto. More so Bitcoin is under pressure, which is a crypto bellwether. Piercing through the 41290 support. Watch for 34490.
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