The world is waking up and the traditional finance doesn't seem to want to be left out anymore!
pull down to refresh
22 sats \ 9 replies \ @Satosora 16 May
we have built such a big foundation, it will never dip anymore.
reply
121 sats \ 8 replies \ @Undisciplined 16 May
I wouldn't be so sure about that. These could easily be fair weather friends who will bail at the first sign of trouble.
reply
22 sats \ 7 replies \ @Satosora 16 May
oh, you think so?
its not like they could unload all their bitcoin so fast.
reply
32 sats \ 1 reply \ @TheBTCManual 16 May
Who knows what kind of ponzis projects get spun up over the next year and how much leverage gets built ontop of that considering the size of the Bitcoin market now, the numbers will be nuts and can drive quite a frenzy, I can imagine some of these institutions are not ready for it
Going to be a hell of a ride im sure
reply
0 sats \ 0 replies \ @Satosora 16 May
Scams will always be scams.
There will always be flies circling shit.
reply
32 sats \ 0 replies \ @gmd 16 May
https://pbs.twimg.com/media/ECjXp-HUIAMKt0Y?format=jpg&name=small
reply
110 sats \ 3 replies \ @Undisciplined 16 May
That probably means a faster price crash, more than a slower one. If they're trying to unload it and can't find enough buyers, then the price will fall until they either find enough buyers or hit their own reserve prices.
reply
21 sats \ 2 replies \ @Satosora 17 May
I dont know.
I have a feeling we have reached our base for bitcoin pricing.
reply
10 sats \ 1 reply \ @Undisciplined 17 May
I think so too, actually.
It's just that these institutional investors aren't going to be the reason. They're not at all committed to bitcoin nor do they understand its potential, so they'll dump it stupidly over some FUD at some point.
reply
21 sats \ 0 replies \ @Satosora 17 May
That is true.
They dont know what they are holding.
reply
0 sats \ 0 replies \ @josephbaske37 7 Dec
The cryptocurrency derivatives market has experienced a significant number of liquidations following a flash crash in Bitcoin's value. In the past 24 hours, Bitcoin's price has fluctuated between $103,500 and $90,500, with the latter drop being particularly sharp. Despite a quick recovery, Bitcoin is stll trading around 5% lower than its peak. Other top digital assets, such as Ethereum and Solana, have also seen bearish price action, but have proven more resilient. Data from CoinGlass shows that cryptocurrency derivatives positions worth $893 million have been liquidated in the last 24 hours, with long contracts accounting for 82% of these. This mass liquidation event, known as a "squeeze", is likely a result of the bearish action
reply