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THE MARKET UPDATES
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Binance whales and Coinbase institutions are both selling today.
This is why we can't have nice things.
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THE MARKET UPDATES
@Rodeni2
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LEVERAGE HAS RUINED CRYPTO. In just 4 hours, the crypto market has erased $136 billion from its market cap. Nearly $381 million in long positions has been liquidated. And all this is happening when the S&P 500 is down just 0.30% Without leverage, the crypto market would be trading near ATH and $BTC should have broke $200,000 already.
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Imagine surviving Fed QT Luna crash 3AC bankruptcy Celsius and BlockFi bankruptcy FTX crash Crypto banking crisis Gensler suing companies Yen carry trade crash 3+ years of rising BTC dominance April tariff crash And yet, your bags are performing even worse than a bear market. Being an altcoin holder is too difficult.
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Michael saylor just bought $1 Billion worth of Bitcoin and price does this.
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Russell 2000 just hit a new all-time high Historically, altcoins always follow it. Hopium for Altseason.
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BREAKING: Michael Saylor’s Strategy has just bought $980.3 million worth of Bitcoin. Just two weeks ago, bears were saying that Strategy couldn’t buy $BTC and would go bankrupt. Now, Strategy has bought nearly $2 billion in BTC in the last 2 weeks.
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