$BTC
In the midst of the gold rally, it was directly hammered down with a sharp sell-off—but BTC didn’t follow suit at all. Instead, it acted like nothing happened, staying hard in place.
Originally, macro funds were waiting for both sides to collapse together. But the bears couldn’t push the market down using the negative news on gold. As a result, the amount of positions on the exchange got stuck halfway up the hill and couldn’t be sold out for liquidity.
In the midst of the gold rally, it was directly hammered down with a sharp sell-off—but BTC didn’t follow suit at all. Instead, it acted like nothing happened, staying hard in place.
Originally, macro funds were waiting for both sides to collapse together. But the bears couldn’t push the market down using the negative news on gold. As a result, the amount of positions on the exchange got stuck halfway up the hill and couldn’t be sold out for liquidity.
