I have to admit that I have been completely shocked by the amount of selling this past month. Hard to understand. Liquidated longs were a tiny portion of the move down, rate cuts announced, daily corporate Bitcoin announcements. Pretty shocking.
Discussion
Yeah, the most disappointing part is they're moving a lot to eth
Legitimately makes zero sense.
imo it's an Asian whale and it's intentional to sink BTC and boost eth
-Market dumps on low liquidity times like long weekends
-Timed with eth treasury launches
-did it as BTC was breaking out against 7 year gold line