WHY ARE BITCOIN AND CRYPTO
DUMPING?
IN THE PAST FEW HOURS, BTC IS
DOWN OVER 5%, WHILE LARGE
CAPS ARE DOWN 8%-10%
THIS HAS NOTHING TO DO WITH THE
CRYPTO MARKET AND EVERYTHING
TO DO WITH THE US STOCK MARKET.
THE US STOCK MARKET IS DUMPING
TODAY, AND IT'S JUST BECAUSE OF
ONE APP NAMED "DEEPSEEK."
DEEPSEEK IS A CHINESE AI STARTUP
THAT COMPETES WITH CHATGPT.
AS PER SOME ESTIMATES, IT COST <
$10M TO DEVELOP, WHICH IS WAY
LESS THAN CHATGPT
NOT ONLY THAT, TODAY IT
OVERTOOK CHATGPT TO BECOME
THE #1 FREE APP ON THE APPLE APP
STORE.
AS OF NOW, CHATGPT IS VALUED AT
$157 BILLION, WHILE DEEPSEEK IS
VALUED AT MERELY 0.2% OF THAT.
THIS HAS CAUSED A MAJOR
CONCERN AMONG LARGE US
INVESTORS AS THEY'RE THINKING
THAT THE US STOCK MIGHT BE TOO
OVERVALUED NOW, AND THEY'RE
SELLING IT SINCE THE MARKET HAS
OPENED.
I PERSONALLY THINK THERE'S NO
NEED TO PANIC SELL YOUR CRYPTO
AS THERE'S ALWAYS SOME FUD TO
SCARE THE MARKET.
HODL TIGHT AND JUST WAIT
#Altcoins market cap has left its accumulation phase coupled with confirmation of a bullish cross of MACD.
Whenever this happens, it indicates that the Alts season is confirmed.
#Bitcoin got rejected near $48500 🚨
Historically in every cycle 0.618 has acted as first area of problem before price starts surging to new ATHs
If you look at the chart, in every cycle there were several short-term corrections in price after every leg up, while the overall trend can still remain strong.
Don't get caught up in the short term volatility, Despite the -17% correction from the local swing high
Bitcoin stays Bullish and Dips are for buying 🤝
$JTO dropped $10,000 to each of its 10,000 users, resulting in a massive airdrop for everyone involved.
Now, $SUI eco is offering a similar opportunity: low competition and high potential for airdrops.
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#Altcoins
The Gaussian Channel for Altcoins has finally changed to green. 🔥👀
This is one of the most bullish signals you can get.
I repeat:
THIS IS ONE OF THE MOST BULLISH SIGNALS YOU CAN GET.
In 2016 and 2020, the green channel gave the ultimate go signal for Altcoins.
🔥 @PythNetwork's integration with @Stacks is not just a step, but a leap forward for #Bitcoin Finance. ALEX’s AMM & orderbook DEX soon has access to over 300 real-time price feeds from Pyth. Imagine the possibilities! And hint: PERP is on the horizon. 🚀 Let's redefine DeFi with robust, accurate data.
#BuildingOnALEX #FinanceOnBitcoin
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