BREAKING: Bitcoin falls below $90,000, now down over -5%, as levered long liquidations resume.
$250 million worth of levered longs have been liquidated over the last 4 hours.
The recovery in gold prices continues, supported by steady demand from long-term holders (such as central banks) and by the greater adoption of gold within model portfolios and other asset allocation frameworks.
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After 10 Years In CRYPTO...it's never been SO CLEAR To Me
We've not had a macro setup like this since 2020.
Clarity Act will put an end to exchange manipulation.
Liquidity will flow.
$BTC is back into its $92,000-$94,000 resistance zone.
If Bitcoin bulls are able to push Bitcoin above this zone, a rally towards $100,000 could happen.
Otherwise, expect another dump below the $90,000 level.
Incentives explain outcomes.
Free money from the US taxpayer is like a giant magnet attracting 90% of Earth to America!
So why wouldn’t vast numbers of illegals want to come here?
Unfortunately, if allowed, this will cause the collapse of America.
.@PressSec: "Democrats wrote Obamacare. They passed it without a single Republican vote. Then they ballooned it with these expensive COVID subsidies... then they doubled down extending those subsidies and setting their own expiration date right now in 2025."