🔸 Reason for the drop

The drop from $115,300 to $112,580 (a decrease of 2.7%) was primarily due to the liquidation of leveraged positions, not due to a decline in market confidence or a break in the upward trend.

🔸 Factors contributing to the drop

- Fear of Quantum Computing (Quantum Computing FUD). This was a comment from the founder of Solana regarding the weakness of #Bitcoin against quantum computing. This created some anxiety in the market.

- Profit-taking pressure. It's very natural after every upward movement that there is selling pressure (for profit-taking). Especially since ETF funds entered with about 886M$ last week.

🔸 Market sentiment

- Fear and Greed Index = 44 (Neutral):

This number means that the market is not in a state of extreme fear. This drop is not a sell-off due to fear. Rather, it's (profit-taking).

- Exchange flows:

Large transfers to central platforms (43.8M$ and 23.5M$ in the last 24 hours). But these transfers indicate that they are (institutional re-centering), and this is a very natural movement.

- ETF fund flows:

These flows are still strong. Because last week there was a net inflow of +886M$ (98% of which is from the beast and devil BlackRock).

In general, the net positive flows recently into ETF funds have brought in new amounts of 222.6 million dollars and 163 million dollars.

Also, the Metaplanet deal of 632M$ reflects what? Exactly! It reflects (corporate confidence).

🔥 This indicates that institutional demand is still strong and ongoing.

🤦 Therefore, Abbas in a hurry! Calm down and let me answer your question, and my question, and humanity's recurring question:

🟢 Is now a good time to buy?