@sekoia_virtuals 🔥 Yo, $SEKOIA crew, check this out! 🔥
The team wants us to decide reward timing! ⏳
👉🏻 Voting link: https://t.co/ULyK90fTbV
🎁 Early votes = faster TPF payouts!
Quick and easy - don’t miss out! 💎
ARE YOU WORRIED ABOUT US
GOVERNMENT BTC DUMP?
A FEW HOURS AGO, IT WAS REPORTED THAT THE US GOVERNMENT WILL SELL
$6.5 BILLION WORTH OF BTC.
HERE'S WHY IT'S A FAR-FETCHED FUD 👇
1) BITCOIN MARKET IS WAY BIGGER
IN 2024 ALONE, $379B OF NEW CAPITAL ENTERED INTO BTC
$6.5B SELLING COULD BE EASILY ABSORBED WITHIN A FEW DAYS
2) MARKET HAS PRICED IN
AFTER THIS NEWS CAME OUT, BTC DROPPED $700, AND SINCE THEN IT HAS STABILIZED
IT SEEMS LIKE BIG ENTITIES ALREADY HAD THIS INFORMATION IN ADVANCE, AND THE DUMP FROM $102K TO $95K WAS TO PRICE IN THIS FUD.
3) SELLING WILL BE VIA OTC
UNLIKE THE GERMAN GOVERNMENT, WHO SOLD THEIR BTC ON EXCHANGES, IT'S HIGHLY LIKELY THAT $6.5B WORTH OF BTC SALES WILL BE VIA OTC
IN A NUTSHELL, I THINK THAT PEOPLE ARE OVERESTIMATING THE IMPACT OF THIS SALE.
AS USUAL, RETAIL WILL PANIC SELL ONLY TO BUY HIGHER IN THE COMING MONTHS.
WHY IS THE CRYPTO MARKET
DUMPING?
3 REASONS BEHIND THE SUDDEN
BTC AND CRYPTO DUMP
1) BETTER JOBS DATA
YESTERDAY, US JOB OPENINGS DATA
CAME IN AT 8.096M, EXCEEDING
CONSENSUS OF 7.605M.
GOOD ECONOMIC DATA MEANS
FEWER RATE CUTS, WHICH IS
BEARISH FOR RISK-ON ASSETS.
2) NEW PANDEMIC FEARS
SIMILAR TO C-19, THERE'S NOW
FEAR OF A NEW VIRUS, HMPV
YESTERDAY, THERE WERE A FEW
CASES REPORTED GLOBALLY, WHICH
HAS CAUSED PANIC AS INVESTORS
ARE RELATING THIS WITH 2020.
3) OIL PRICES RISING
RUSSIA AND OPEC MEMBERS HAVE
TIGHTENED THE OIL SUPPLY, WHICH
RESULTED IN OIL PRICES RISING.
HIGHER OIL PRICES MEAN HIGHER
INFLATION, WHICH WILL STOP THE
FED FROM DOING AGGRESSIVE RATE
CUTS.
I THINK MOST OF THESE FACTORS
ARE BEING OVERESTIMATED BY THE
INVESTORS.
SOON, THERE WILL BE A REVERSAL,
AND THE CRYPTO MARKET WILL SEE
A FACE-MELTING RALLY 🚀
An $XRP ETF could soon become a reality as favorable U.S. crypto regulations bear well for local businesses, Ripple President Monica Long told Bloomberg. By @shauryamalwa.
https://t.co/JfKfWOsGSr
THORChain 2024 Annual Report by @ninerealms_cap
⚡️ 56b swap volume
⚡️ 30.6m in liquidity fees
⚡️ 24.6m earned by affiliates
⚡️ Ledger, OKX, Bitget, Zengo, LiFi integrations
Been a big year thanks to all the users, builders, and liquidity providers 💙
Onwards to the next chapter!
Stablecoins are a critical solution to the problem of financial instability in emerging markets, argues @Nick_van_Eck, the co-founder of Agora (@withAUSD) and a speaker at #ConsensusHK.
@nftnowmason reports
https://t.co/wLKg6VZOQz