In my opinion, the bottom price of BTC should not have fallen below 40-45 thousand $. If you ask why it fell, I would say it was mostly manipulative effects. So, the luna and ftx events were carefully calculated things. Of course, not completely, but if you gain enough momentum, you just need to stand aside and watch for what you want to happen. Another factor is futures markets. With big money, you can easily bend a market that is still in its infancy in low-volume environments. The fact that futures ETFs are approved but spot ETFs are not is evidence of this. Why, when, where and by whom it was first created are facts that can be found with a little effort. Yes, you can ask this. What's wrong with the futures markets? These are the things that support fair price formation. Of course, there is no problem with this, but if you try to give a deliberate direction, you can easily create problems here with big money. Or, by not approving spot ETF transactions, you show your bias. Additionally, you can suppress the price if you use the power of the media to create bans, terror-related bogeys, etc. in the dominant media. You can suppress the price with your so-called grand master traders etc. who whisper to the numbers.
The fair value of BTC should now be around $300 thousand. And even if the price goes here, the biggest impact will be with inquiries from some of the big players. Their minds will change and they will take the opposing side. Of course. Money is neutral. If they realize that they will win, they will not take your grand narratives that are far from reality seriously. How were a few: soda cap, I had to pay $25 for all of them, etc. Markets that are distorted by alternative products and methods such as Viop will be able to go very high again with the same methods and methods. A strung arrow or a violin string or a 100. Monkey. Once the threshold is crossed, things will change very quickly. A 100x increase for the total market in the next 10 years would not be a surprise to me. The phenomenon I mentioned started with families in February. But they bent it. There will come a time when they won't be able to bend it. They will separate among themselves. Some of them will long the markets they constantly search for. And the snowball… Life is fair. How was that beautiful saying: You are broken where you are broken.
Of course, it will contribute to ETFs, but they still need time so they keep chewing ETF gum to get their assets out. They may soon go back to another gum that hasn't worked for 2 years. It's in correlation with the stock markets. No, it doesn't matter. The rise of the stock markets was also unrealistic. It is a phenomenon created outside of market dynamics by inflation. It is available in my old articles. Those who want can look.
You can hide the truth and delay its emergence. But you can't stop it.
My views have no affiliation. Tacit knowledge is my personal opinion. Do your own research for better results.
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