@trading_axe Options sellers were the ones keeping price up with their delta hedges. Once those were gone after Friday’s close, no one was bidding and it dumped Monday. Classic post-expiry free flow once the guardrails got removed.
@CobraCrypto Fully understandable. Bitcoin is not hot anymore and is correcting down to who knows where. AI and stocks are running up and up with no top in sight.
Bitcoin suck as an investment now.
1. Nobody outside the community likes it.
2. Its price is super unpredictable.
3. Has no cashflow only scarcity.
4. Depends on greater fools theory.
5. The problems it solves are only used by a few, everyone else doesn’t care.
@NamelessCoder@oresundsbaron Man kunne argumentere for ejendomsskat kan betragtes som beskyttelse penge. I kraft af at hvis du bor “gratis” på din ejendom, hvorfor skulle politiet risikere deres liv for at beskytte din ejendom?
Derfor er det dobbelt skat når salget også beskattes.
@thedefivillain Indication of selling is specific targeting bitcoin as MMs are not pushing altcoins down anymore.
This “unnatural” selling can revert very quickly when stop hunting is done.