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The markets of manipulation and their collective activism. (Part 2)
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from the Chiasmus archive: February 9th, 2021 "THE MARKETS OF MANIPULATION AND THEIR COLLECTIVE ACTIVISM. (PART 2)"
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CHIASMUS MAGAZINE BLOG. 2023 A YEAR IN REVIEW: Bitcoin bailout march 2023
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Bitcoin surges to 49000, then collapses over 3% as the SEC approves a ETF backed Bitcoin 'asset'. Setting off a fee war between major funds, including BlackRock, as they begin to cut management fees (and staff) to attract buyers. Timed with market uncertainty, BTC could drop to 29,000
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BITCOIN probably never had a safe haven appeal. Looks like it's heading for a price wipeout. Reflation trade has imploded, Rates and US Dollar on the rise. Speculation has ended, TESLA, ARK fund, NASDAQ and disruptive tech now in the cross hairs of short selling.
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Bitcoin crash wipes out ETF and BTC derivative positions. Millions $ unwind.
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NASDAQ blows out to all time highs, while China falls into a deep recession. Bitcoin and Crypto remain a 'BlackRock' underwrite (stuck at 60K+) hedge for the pensions funds and U.S. president's, the oil price is caught between a China slowdown and a looming Iran/Israel war. Short end bond yields are up, as inflation appears to be returning. Did it ever go away?
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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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Bitcoin is poised to sink to single digit thousands. U.S. Dollar at two decades high pushing down speculative assets on the Federal Reserve's interest rate cycle.
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Bitcoin the new safe haven? Replacing the Japanese YEN and British Pound as central banks scramble to deal with global stagflation.
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