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50 sats \ 5 replies \ @Satosora 1 May \ on: Canada's Smoke and Mirrors econ
ouch.
It will pick up though.
I feel we keep looking at the small picture, a zoomed up view.
If we took a look with a wider view, I think we would be okay.
Grayruby, why is the price of btc going down?
My SN screen says 1sat=1sat.
Bitcoin had a lot going in it's favour from last Oct through to the beginning of April. Made a huge move. Too much leverage piled on. Leverage got wiped out and then tax season selling and then you had crypto traders trying to rotate to catch the next rally, then you have outflows from etfs the past couple weeks as early etf holders try to lock in some gains before price tanks. Positive momentum on the way up, negative momentum on the way down. We will find a floor soon in my opinion.