As the post at Feb 3 said, the market has a big potential to go down, or, you can say, CLEAR BEAR and it does happen. The reason behind this is simple:
TOTAL MARKET EQUITY has been dropping massively since then.
Why?
Instutional play, they are focusing on accumulating BTC. Yes, that shii including selling it too.
.
.
Future Forecast
Based on the current condition, we might see a move around 660 Bill. Am I positive about it? Nah, but we will see what happens. BTC has a strong demand at 78K and it shows a strong pullback. Yes, institutional keeps accumulating. Again, another BUT, the biggest area of interest for BTC is 73-67K.
Trade responsibly, take care
XCO
TOTAL MARKET EQUITY has been dropping massively since then.
Why?
Instutional play, they are focusing on accumulating BTC. Yes, that shii including selling it too.
.
.
Future Forecast
Based on the current condition, we might see a move around 660 Bill. Am I positive about it? Nah, but we will see what happens. BTC has a strong demand at 78K and it shows a strong pullback. Yes, institutional keeps accumulating. Again, another BUT, the biggest area of interest for BTC is 73-67K.
Trade responsibly, take care
XCO
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.