The dip has absolutely ZERO to do with Gox and with Germany selling coins but the news outlets need headlines if they don't know how else to explain the dip.

"This could be very well the pre-summer vacation time retracement you're familiar with from previous cycles. As institutions, OTC and leveraged traders don't tend to leave their positions on the markets before the vacation time. They MUST zero-out their positions."

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Discussion

Sell Bitcoin, buy #doge, it's the future!

lol

what would be your explanation?

is it miner capitulation or is Bitcoin being a canary in the coal mine for broader stock market dip? or something else?

My explanation is that we've completed the Fibonacci cycle early this halving and we're now seeing the retracement on the 350% expansion of last years "bear market" (as people called it).