Silvergate is basically the bank that supplies liquidity to majority of #crypto exchanges. 80% of there funds were invested in #FTX.
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#Bearish#BTC
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Win 1 BTC as we race to 5M X followers! π
π From 4.6Mβ5M followers, every +0.1M = 200 winners split 0.2 BTC
π₯ Invite friends to get double chance
1β£ Follow @bitgetglobal
2β£ RT & tag 3 friends w/ #FollowToWin1BTC
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Silvergate is basically the bank that supplies liquidity to majority of #crypto exchanges. 80% of there funds were invested in #FTX.
Thread π
#Bearish#BTC
Gemini genesis are having issues also as we know & they are also Silver gates customers.
Just keep this in mind, when price moves up they are being sold to until they get fully committed & the market will snap up that liquidity.
Will be interesting to see how this plays out.
Silvergate is basically the bank that supplies liquidity to majority of #crypto exchanges. 80% of there funds were invested in #FTX.
Thread π
#Bearish#BTC
So how does this look for #bitcoin ?
As mentioned in the pinned post it seems this #santarally has played out. Could this mean the recent move to the upside is setting up to absorb the fact that Silvergate may default due to the commitments they have with all these exchanges?
π
The bottoms not in guys relax.
Markets still have not priced in the fact that interest rates are still going to rise which therefore makes doing business more expensive.
The bear stands up before it attacks.
#BTC#crypto#Bearish#BearMarket#cryptomarket#Cryptocurrencies
#SantaRally !
It's a phenomenon where the stock market makes bigger-than-usual gains at the end of December & the beginning of January.
History shows that during bear markets, the Santa rally effect can be even stronger.
Threadπ
#bearmarket#crypto#stocks#bullish#BTC
How can you profit from the Rally?
β’Build a list of the best assets to watch during the holidays.
β’Set price alerts for assets you're watching so you can be notified when they're in a buy range.
#SantaRally !
It's a phenomenon where the stock market makes bigger-than-usual gains at the end of December & the beginning of January.
History shows that during bear markets, the Santa rally effect can be even stronger.
Threadπ
#bearmarket#crypto#stocks#bullish#BTC
Self-Fulfilling Prophecy
People believe in the #SantaRally , so they expect the market to rise. People buy more stocks & as a result, the market rises.
π