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Interesting 😳 CZ frequently tweeted the number "4", occasionally accompanying it with a photo of himself forming the number with his fingers and BNB hit 4 digits.
This recurring reference to "4" symbolizes CZ's commitment to concentrate on development and innovation, undistracted by external chatter or obstacles.
Why Did Bitcoin Drop to $90K After Hitting an ATH of $104K?
The crypto market is known for its volatility, but Bitcoin’s recent drop from its all-time high (ATH) of $104,000 to $90,000 has left many wondering: What happened?
Let’s break it down:
1. Profit-Taking at ATH
When Bitcoin broke through $100K, a psychological milestone, many investors who had been holding since lower levels decided it was time to take profits. This wave of selling created significant downward pressure.
2. Overleveraged Positions
As Bitcoin surged past $100K, the derivatives market saw a spike in leveraged long positions. When the price began to dip, these positions were liquidated, exacerbating the sell-off. This cascade effect is common in highly-leveraged markets like crypto.
3. Technical Resistance and Market Psychology
$100K was not only a psychological milestone but also a technical resistance level. After Bitcoin surpassed $104K, it quickly met strong selling pressure, which caused the price to reverse. This behavior is typical as traders anticipate corrections after major breakouts.
5. Whale Activity
On-chain data revealed increased activity from Bitcoin whales. Large holders moved significant amounts of BTC to exchanges, likely preparing to sell. This signaled the market to brace for a correction.
What’s Next?
While the drop to $90K might seem dramatic, it’s essential to put things into perspective. Bitcoin remains in a bullish macro trend, and corrections are part of its price discovery process. Historically, Bitcoin has shown resilience after similar pullbacks.
For long-term investors, this could represent an opportunity to accumulate. As always, it’s crucial to do your own research (DYOR) and understand your risk tolerance before making any moves.
What a shame guys what a shame. From top gainers yesterday to no 1 loser today. $LIGHT was not really light it was dark and i think this is end for light.
$BROCCOLI714 is today’s gainer. Will it face the same end as light? Or stay strong like $RIVER What is your expert opinion? Tell me.
I told you in last post to be cautious if you have short position. They pumped the price to punish shorts and than dumped again to liquidate more longers and than pumped once again to liquidate new shorts.
"I will buy when it drops just a little more." No, you won't. When the market actually drops that extra 5%, the sentiment will be so toxic and the headlines so bearish that you will be convinced it's going to zero. You will instinctively move your buy orders lower, waiting for a "safer" entry that never comes. This is the perfectionist trap that keeps retail portfolios empty while institutions silently accumulate in the red.
You spend weeks regretting that you missed the pump, but when the pullback finally gives you a second chance, you freeze. By the time you feel "safe" enough to enter, the reversal has already happened, and you are buying the local top to provide exit liquidity for smart money. Stop trying to time the absolute bottom tick. The uncomfortable truth is simple: if your hands are shaking when you hit the buy button, that is usually the only signal you need.
After breaking the first descending wedge, it has delivered a clean 27% upward move and now we have seen a stronger reaction with nearly a 50% push after breaking the current descending wedge.
From here, I will expecting some consolidation before the next rally of another 33% upside move towards the third resistance and if we break the third one too we take off ✈️ $TRADOOR $ZRX
Momentum favors $ZRX right now as bullish structure stays intact. A push toward $0.2844 looks achievable if buyers remain aggressive. In case of rejection, protection sits near $0.09049.
Big names in DEX like uniswap often help confirm follow through. Keep an eye on big dex coins. $ZBT $PIEVERSE
⚠️Answer to the question everyone is asking right now. (read full post for clarity)⚠️
What’s going on with Bitcoin? Why Every Bitcoin Pump is Being Sold Off Instantly?
Everyone is asking why Bitcoin can't hold a rally. Simple, we are stuck in a leverage driven trap. Every pump right now is fueled by aggressive perp traders chasing green candles, not actual spot buyers.
The moment price pushes up, it hits a wall of passive supply where whales are distributing into the liquidity, absorbing the buying pressure and sending price spiraling back down immediately.
It isn’t a market crash it’s a distribution ceiling. Market makers are pushing price up just enough to hunt short liquidity before letting gravity take over again. Stop chasing the spikes till you see Spot Volume actually supporting the move, every sudden pump is just an exit opportunity for smart money, not a breakout
I just scanned the derivatives data for Astra Nova $RVV and found a critical anomaly that traders are missing.
Extreme Negative Funding 📉
Funding rates on major exchanges have dipped as low as -1.44%. The crowd is heavily SHORTING this rally. Shorts are paying longs to hold positions. This is a classic "Bear Trap" setup.
I am planning a short
$TAKE $AT
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