That type of pump in an hour is not done by retail. It’s no coincidence it happens as the weekly close is coming too. Call it market manipulation or just ranging between highs and lows, but that type of pump doesn’t come from retail. Ranging between 30-32k was driven by retail. Touching that 40k range gives retail hope after the last month, but to really attract interest it needs to hold 40k as support again. I predict we range this week and then hold 40k as support from next week.
Yeah but to liquidate those shorts so quickly can only be done with big money and retail isn’t smart enough to coordinate that together
It doesn't take a lot of buying to initiate a short squeeze in an illiquid market like crypto. You get a cascading effect as shorts are forced to close positions.
The good thing now is that there was a slight correction to 36.5k and it has since built gradually over a day or so to back over 40k. Way more sustainable than shooting up in less than an hour from 35k.
I see it now . Bitcoin price 1,456,000US per coin.Senator Warren Urges ‘Coordinated and Holistic’ Response to ‘Dangers’ of Crypto
In her letter to Treasury Secretary Janet Yellen, Warren cited DeFi, crypto-enabled cyber attacks and unique threats posed by stablecoins as risks to the financial system.www.coindesk.com
Massive regulatory pressure coming from the US has so far resulted in lower non-kyc withdrawal limits, reduced leverage, and who knows what's next.
s**t, so this has made the news now, BitBoy and Richard Heart obviously weren’t making up their claims then
Crypto-influencer Alex Saunders may be on the hook for millions
The founder of Nugget’s News and a trusted cryptocurrency influencer is facing allegations he misused tens of millions of dollars that were raised from his video blog.www.afr.com
This guys always been a grifter. Glad its catching up with him
Crypto-influencer Alex Saunders may be on the hook for millions
The founder of Nugget’s News and a trusted cryptocurrency influencer is facing allegations he misused tens of millions of dollars that were raised from his video blog.
This guys always been a grifter. Glad its catching up with him
What did you hear? Article is behind a paywall
s**t. If it’s true that his debts in crypto came from bad leveraged trades, then regulations coming in to limit leverage to 20x can only be a good thing long term. Is he pretty well known in Tassie?
The limit only applies to new users of futures trading. Others still have access to 125x leverage.
