https://cointelegraph.com/news/bitco...crash-analysis
Quote:
...8% BTC price crash — Analysis ...
“It sold off because nothing goes straight up and it’s an easy grab for liquidity to do a long squeeze. In short, the market was overbought.”
...
“If there is any denial by the SEC, we could see cascading liquidations as we expect most of the $5.1 billion in additional perpetual long Bitcoin futures to be unwound,” the report continued.
“We could see Bitcoin prices declining by -20% very quickly and falling back to the $36,000/$38,000 range.”
As Cointelegraph reported, downside targets had already put the mid- to low-$30,000 range as a popular floor.
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Careful aussenseiter he may put you on ignore like Whale_biologist if he doesn't agree with you.
01-03-2024, 06:04 PM
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