Big banks open the door for 18 million European customers to access crypto, but why is $BTC still burning red, sliding back to 84.637,2 USD?
Raiffeisen’s deal with Bitpanda brings crypto to 11 markets—an enormous step forward for TradFi. However, the market’s reaction has been rather subdued, with $BTC down -1.79% and $ETH also retreating to 2.679,02 USD (-2.29%).
Derivatives are always brutal: macro news needs time to sink in, while market makers often take advantage of the crowd’s hype to sweep liquidity. Guys chasing with high leverage right now are very likely to fall into a shakeout trap.
My take: Institutional money is a long-term story, while futures orders require discipline immediately. Instead of rushing to guess the bottom for $BTC while the market is sweeping liquidity, you should be patient, stay out and observe, or reduce leverage and follow stoploss rules strictly.
Do you think this choppy move in $BTC is a shakeout trap to shake out holders, or just the start of further downside? Discuss with me below! 👇
#Bitcoin #BTC #Crypto #TradFi
Raiffeisen’s deal with Bitpanda brings crypto to 11 markets—an enormous step forward for TradFi. However, the market’s reaction has been rather subdued, with $BTC down -1.79% and $ETH also retreating to 2.679,02 USD (-2.29%).
Derivatives are always brutal: macro news needs time to sink in, while market makers often take advantage of the crowd’s hype to sweep liquidity. Guys chasing with high leverage right now are very likely to fall into a shakeout trap.
My take: Institutional money is a long-term story, while futures orders require discipline immediately. Instead of rushing to guess the bottom for $BTC while the market is sweeping liquidity, you should be patient, stay out and observe, or reduce leverage and follow stoploss rules strictly.
Do you think this choppy move in $BTC is a shakeout trap to shake out holders, or just the start of further downside? Discuss with me below! 👇
#Bitcoin #BTC #Crypto #TradFi
