🚨OH GOD 😠$BTC DUMPED HARD THIS MORNING SO WHAT NOW?
Okay guys, this morning’s dump caught a lot of people off guard.
$BTC was holding the 84.4K area pretty well, longs were building, and then suddenly we got that sharp sell-off.
One big thing that added pressure was the U.S. government wallet moving roughly $100M worth of crypto toward an exchange.
Now, a transfer does not automatically mean everything was sold, but obviously when a government wallet sends a large amount toward an exchange, the market reacts fast.
And if those coins are actually being sold, that would also go against Trump’s earlier promise of keeping government-held Bitcoin instead of selling it.
But this is crypto. 😂
Sometimes your setup is completely fine and then one piece of news changes everything within minutes.
So forget the previous move for a second. What matters is where $BTC is sitting now.
Okay guys, this morning’s dump caught a lot of people off guard.
$BTC was holding the 84.4K area pretty well, longs were building, and then suddenly we got that sharp sell-off.
One big thing that added pressure was the U.S. government wallet moving roughly $100M worth of crypto toward an exchange.
Now, a transfer does not automatically mean everything was sold, but obviously when a government wallet sends a large amount toward an exchange, the market reacts fast.
And if those coins are actually being sold, that would also go against Trump’s earlier promise of keeping government-held Bitcoin instead of selling it.
But this is crypto. 😂
Sometimes your setup is completely fine and then one piece of news changes everything within minutes.
So forget the previous move for a second. What matters is where $BTC is sitting now.