LE $BTC à 68000$ HERE ARE THE BASICS.
Since President TRUMP's accession to the USA, we have witnessed a staggering drop in the $BTC creating a multitude of liquidations. Here are the points
1- the entry of large institutions into the world of cryptos which leads to significant market manipulation.
2- the macroeconomic context, we have observed that the $BTC has a strong correlation with American stock indices such as the S&P500 and also depends on interest rates.
3- the sentiment of Retail, the manipulations due to large institutions push the details to an extreme fear of cryptos which results in a significant capital flight.
In conclusion, the drop is not over yet; let's expect to see more liquidations.
According to you, what are the elements that will cause a rise? Why this spectacular drop?
I await your opinions in the comments.
#BinanceSquareTalks
Since President TRUMP's accession to the USA, we have witnessed a staggering drop in the $BTC creating a multitude of liquidations. Here are the points
1- the entry of large institutions into the world of cryptos which leads to significant market manipulation.
2- the macroeconomic context, we have observed that the $BTC has a strong correlation with American stock indices such as the S&P500 and also depends on interest rates.
3- the sentiment of Retail, the manipulations due to large institutions push the details to an extreme fear of cryptos which results in a significant capital flight.
In conclusion, the drop is not over yet; let's expect to see more liquidations.
According to you, what are the elements that will cause a rise? Why this spectacular drop?
I await your opinions in the comments.
#BinanceSquareTalks