Whats the problem we are dealing with right now all about ?
Its actually obvious what happened the wales played the liquidation game and bitlifted around 25 Billion worth Crypto by simply cashing out huge amounts of noob traders long trades ...
I feel sorry for the type of noobs that go 5x+ leverage trading without experience and are mad at the exchanges ... xD
Then we have another 40 Billion worth Crypto from Safe Asset Brokers that started pumping the Markets from the start of the year ... they closed after the first big bearish move and created the second dump ... the exchange wales for some reason dind't expect this ... guess they weren't prepared for diving below 5K ...
POOR WALES ... 8(
And now is great accumulation time because wales are no longer interested in downward moves they already lost too much weight ... Or do you believe they risk shorting all the way to below 1K people like me still bullish and crazy happy @ accumulation mode YEAH
What about Fiat Stimulus Inflation ?
We are going through tough times i'm not going to call any numbers but we should expect at least one more breakdown right after the weekend the entire financial market and next monday is going to bring a sell off tsunami and will also move the crypto market ...
Dont forget that whoever took cashed out theese large amounts can buy back in or even bigger wales could pump up the volume and price any second ... because experienced traders always buy the fear and sell the greed !