@TedPillows I’ve noticed most of your profits come from short positions. That strategy is great, but unfortunately shorting isn’t available for everyone in the U.S., so it makes it difficult for people here to follow the same trades.
Sometimes Bitcoin shows strong movement without any real catalyst, and that’s why weekends often have unusual price action — many large traders are inactive, so it becomes easier for the market to move.
In my opinion, one of the main reasons behind sudden price moves in the crypto market is the high level of leverage trading. I’ve seen many cases where Bitcoin and other cryptocurrencies go up or down sharply even when there is no major news.
I believe that when leverage reaches extreme levels, it can cause quick liquidation cascades. This creates sudden spikes in buying or selling volume, which makes the market move very fast.
@NihilusBTC Hey, I think it’s best to hold off on posting about crypto for now. The market’s not moving based on charts right now, it’s all about what Jerome Powell says in his press conference today. Once we hear from the Fed, we’ll have a better idea of where things are heading.
@CryptoEltohh@NihilusBTC Because of this, they can only list certain coins, and many newer or riskier projects are not accessible to U.S. users. To get these unavailable coins, some people use decentralized exchanges (DEXs) like Uniswap or offshore exchanges, but those options come with higher risks.
@CryptoEltohh@NihilusBTC In the United States, many cryptocurrencies are not available on major exchanges due to regulatory restrictions. U.S. exchanges like Kraken, Coinbase, and Binance US must follow strict rules set by government agencies like the SEC.
@JetCPLino Day traders actually help increase the volume and liquidity of XCN. Even if it’s a utility token meant for mid-to-long-term holding, having more trading activity can attract attention and bring in more participants. If no one is trading it, that could actually hurt the token’s .