There was a lot of bad news yesterday, things started to fall. The main part was sold, a good fall is expected, many opened short. It is not yet profitable for big players to see BTC go down. In the long term, the trend is upward, the correction has not yet been normal. The price can go up in the region of $ 29,760 to believe in growth. You can also expect a correction to $ 16517. At the moment, the most normal option is to keep part of the deposit in crypt, part in USD.
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Bigger players announce they got into a asset class months or sometimes years after they have already done so.
Why would you announce you are spending 100mm into buying a stock while you are doing it, you would raise the price for yourself that's just stupid.
Institutions don't do that. They got in over 6+ months. This upswing is almost done. Maybe a bit more of a move up but I do see it correcting 20-30% from around here
Why would you announce you are spending 100mm into buying a stock while you are doing it, you would raise the price for yourself that's just stupid.
Institutions don't do that. They got in over 6+ months. This upswing is almost done. Maybe a bit more of a move up but I do see it correcting 20-30% from around here