$BTC How long will the crypto market remain under pressure after this election? Why are institutions afraid to buy the dip? Why is Trump’s company DJT moving so much Bitcoin again?
The market is currently bearish but not shorting, while also being afraid to buy the dip. During the sharp rally the day before, everyone thought the market was taking off, but ETFs saw massive outflows, which made people skeptical. Why didn’t institutions buy the dip and instead chose to seek safety? Because they had already anticipated what was coming next.
And just yesterday, Trump Media (DJT), owned by Trump, moved a large amount of Bitcoin—up to 4,259 BTC. The company also faces potential pressure on November 30, when convertible note holders may demand repayment of around $1 billion. If it can’t raise enough financing, it may indeed sell Bitcoin to raise funds!
The crypto market could remain under pressure for a long time this time around. Be careful buying the dip, everyone!
#希腊议会通过10%加密资本利得税法案 #美股走弱，加密货币市场普遍承压
The market is currently bearish but not shorting, while also being afraid to buy the dip. During the sharp rally the day before, everyone thought the market was taking off, but ETFs saw massive outflows, which made people skeptical. Why didn’t institutions buy the dip and instead chose to seek safety? Because they had already anticipated what was coming next.
And just yesterday, Trump Media (DJT), owned by Trump, moved a large amount of Bitcoin—up to 4,259 BTC. The company also faces potential pressure on November 30, when convertible note holders may demand repayment of around $1 billion. If it can’t raise enough financing, it may indeed sell Bitcoin to raise funds!
The crypto market could remain under pressure for a long time this time around. Be careful buying the dip, everyone!
#希腊议会通过10%加密资本利得税法案 #美股走弱，加密货币市场普遍承压
