Market trends, been waiting on it for a few days. 90% of the crypto market bounced. https://www.coingecko.com/
I'm no mathmagician but I imagine it's because the supply went down suddenly. Kidding aside, whale movement is the only thing that can explain such sudden, large price movements, right? Like, how does an entire asset rise/fall 10% in the space of like 60 seconds? That type of stuff can't be driven by a positive or negative news cycle, can it? It takes days/weeks for news to show up on the balance sheet w/ retail investors right?
Whales. Or governments. Although there really does seem to be a physiological phenomena where a large group of people can have about the same max pain tolerance threshold. I also feel like 70% of the time when Saylor buys, the freefall stabilizes.
This run will last to early-mid April. Maybe longer but that's when you want to be aware if you're taking profits. Also remember the old adage 'Sell in May and go away'.
Back in May I had the big run coming in Q4 and into Q1 with it settling down to 50-60K at the end of Spring. We're still above where we were when I made that prediction but there's a long road to go and a short time to get there for the 100K magic milestone in Q1.
That's an old stock market adage... the adage should be "if you're gonna sell, sell before the big players decide to tank the market, then get in when you feel like it and pray it's before a run up".
Fear of Fed tightening sooner/harsher after unexpected jobs report data today. Or you can just make up something you feel like why the entire cryptosphere goes up and down at once. lol.
Feds seize $3.6 billion in bitcoin stolen from Bitfinex hack https://www.cnbc.com/amp/2022/02/08/feds-seize-3point6-billion-stolen-from-bitfinex-hack.html
BIG BITCOIN BUST; DOJ announces arrests in alleged $4.5 billion cryptocurrency laundering scheme The arrested NYC couple are alleged to have conspired to launder the proceeds of 119,754 bitcoin stolen from Bitfinex's platform after its systems were breached in August 2016, and a hacker initiated more than 2,000 unauthorized Bitcoin transactions.
