There are conspiracy theories circulating online about BTC dropping to the $70,000 area.
The strategy involved borrowing funds against BTC (through convertible bonds). If BTC falls below a certain LTV (loan-to-value), additional collateral or the sale of pledged BTC on the market may be required.
This area is marked by 75 000$ , and now many believe that we will move towards these marks to force the largest players out of the market. I do not share this position, as dropping below 75 000$ will lead to a very sad situation in the market and a high probability of a full bear trend.
For now, BTC is recovering its positions and trading above $95,000.
The strategy involved borrowing funds against BTC (through convertible bonds). If BTC falls below a certain LTV (loan-to-value), additional collateral or the sale of pledged BTC on the market may be required.
This area is marked by 75 000$ , and now many believe that we will move towards these marks to force the largest players out of the market. I do not share this position, as dropping below 75 000$ will lead to a very sad situation in the market and a high probability of a full bear trend.
For now, BTC is recovering its positions and trading above $95,000.
