“When US stocks rise, Bitcoin doesn’t budge; when they fall, it drops faster than anything else.”
Why has $BTC fallen into this vicious cycle of “following the drops, but not the rallies”?
Because rising requires new money, while falling only requires liquidations.
Without an influx of fresh capital from outside the market, every rebound is seen as a chance to break even and get out, while every downturn forcibly liquidates those unwilling to cut their losses on high-leverage positions.
When bulls become the ammunition for bears, the market can only produce this sickeningly asymmetric action.
Give up the wishful thinking and respect the market. Until a genuine liquidity turning point arrives, protect your principal. 📉
#BTC #crypto #MarketWatch
Why has $BTC fallen into this vicious cycle of “following the drops, but not the rallies”?
Because rising requires new money, while falling only requires liquidations.
Without an influx of fresh capital from outside the market, every rebound is seen as a chance to break even and get out, while every downturn forcibly liquidates those unwilling to cut their losses on high-leverage positions.
When bulls become the ammunition for bears, the market can only produce this sickeningly asymmetric action.
Give up the wishful thinking and respect the market. Until a genuine liquidity turning point arrives, protect your principal. 📉
#BTC #crypto #MarketWatch
