My thoughts on why $btc is currently in a sharp downturn:
the anticipation of the SpaceX IPO and the AI boom are draining liquidity out of bitcoin:native ;
US–Iran deal is still uncertain;
upcoming Fed rate decision along with other events in June are adding pressure.
It is likely that we have not yet found the bottom but I think we are close. I believe next week will still be difficult for BTC with continued ETF outflows.
However, starting ~ mid june market will likely begin to recover.
I also think that if SpaceX price is overheated and FOMO fades quickly, that would be a good sign for BTC, and capital would start flowing back.
IT'S NOT BECAUSE SAYLOR SOLD 32 BTC
If the question remains unresolved, even with the slightest chance that an exploit was used, are the whales ready to hold/buy with the thought that someone might have an unlimited supply of $ZEC?
Do you want to hold a coin like that at $300–$400 per unit, or would it be better to get rid of it and play it safe?
My thoughts on why $btc is currently in a sharp downturn:
the anticipation of the SpaceX IPO and the AI boom are draining liquidity out of bitcoin:native ;
US–Iran deal is still uncertain;
upcoming Fed rate decision along with other events in June are adding pressure.
It is likely that we have not yet found the bottom but I think we are close. I believe next week will still be difficult for BTC with continued ETF outflows.
However, starting ~ mid june market will likely begin to recover.
I also think that if SpaceX price is overheated and FOMO fades quickly, that would be a good sign for BTC, and capital would start flowing back.
IT'S NOT BECAUSE SAYLOR SOLD 32 BTC