Short version: The market is bleeding red, to the point where real demand is.
Long version:
Market makers or whoever they are, have ways to drive price down with bots to 'steal' from the markets, but still accumulate on the way down. This 'drain' how i call it, is a way to get back (and lower) to the point where they started pushing prices up, after their accumulation of the asset.. It is also a stophunt.
-> They can reduce the value or price of an asset WITHOUT the majority of shareholders selling their part. <-
Big problems all around the world will activate more cascade stoploss triggering within weeks/months. Usdt might even collapse. So put your usdt in eur, usd, or your country's currency if its bullish right now, not Tether! All we can do now is wait for a long time. Manipulation will make you think we will go up, but it will probably will be a way to fill the gap we left in the 35k region. What we need to see is accumulation, and that part will take a long time. Months.
Everything needs to be sorted with the defi scam, regulations, spx's state, war etc. people might start to realize that money CAN NOT be generated from holding coins. Only the FED can print money from thin air, and it does not work. In crypto; 5%, 20, 60%+ apy, won't work.
Prices need to balance out at a level where the staking rewards match the APY that they promise. You can also see Bitcoin's mfi on the weekly starting to cross it's balance point, the 50 line. Many orders sub 20k. IMO the situation now is hopeless. We can still try to retest the bearflag that we broke, but that even might be hopeful. We are also starting to break the 200 EMA.
Long version:
Market makers or whoever they are, have ways to drive price down with bots to 'steal' from the markets, but still accumulate on the way down. This 'drain' how i call it, is a way to get back (and lower) to the point where they started pushing prices up, after their accumulation of the asset.. It is also a stophunt.
-> They can reduce the value or price of an asset WITHOUT the majority of shareholders selling their part. <-
Big problems all around the world will activate more cascade stoploss triggering within weeks/months. Usdt might even collapse. So put your usdt in eur, usd, or your country's currency if its bullish right now, not Tether! All we can do now is wait for a long time. Manipulation will make you think we will go up, but it will probably will be a way to fill the gap we left in the 35k region. What we need to see is accumulation, and that part will take a long time. Months.
Everything needs to be sorted with the defi scam, regulations, spx's state, war etc. people might start to realize that money CAN NOT be generated from holding coins. Only the FED can print money from thin air, and it does not work. In crypto; 5%, 20, 60%+ apy, won't work.
Prices need to balance out at a level where the staking rewards match the APY that they promise. You can also see Bitcoin's mfi on the weekly starting to cross it's balance point, the 50 line. Many orders sub 20k. IMO the situation now is hopeless. We can still try to retest the bearflag that we broke, but that even might be hopeful. We are also starting to break the 200 EMA.
