đ #Cryptocurrencyâ Market Overview
âïžBTC and ETH due to shoulder diligence made a downward hike again.
âïžHere you need to understand, when an asset is growing at 20% per month and stronger, many people don't care how much it costs to lend on such an asset. Many people are ready to pay 200% per annum to borrow this asset, because the profit is much higher anyway. And this balance can last for a while, but it is a fragile situation. So there will be corrections, with the current volatility I wouldn't call them deep.
âïžIt's like TRB, which was shorted by shorting players, sometimes at 1000% annualized rates, and they were constantly taken up. It doesn't work that way with longs, it's just a pullback, take off the shoulders and go back to long, people with huge shoulders in longs are harder to corral because of the holdings than a huge number of people shorting the asset.
âïžThis game is always played the same way: the game of buy every correction and make super profits will end at some point, but nobody knows when. $70,000 in BTC and $4000 doesn't look wild anymore.
âïžAs I wrote yesterday, TON, AVAX, NEAR will either grow by 10-20% or pullback, but trading the current levels is not an option. After today's growth, there may be some consolidation, as the price has passed several resistances in a row.
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