What’s happening with Bitcoin right now is not normal… The closest comparison is the FTX collapse days in 2022.
Today, $BTC is about –24% below its 200-day moving average… the deepest distance it has reached in almost two years.
The important question: Is this a collapse that reflects “fundamentals”?
The simple answer: No.
The current movement is driven by 3 clear factors:
1️⃣ Violent leverage liquidations hitting the market for the past 3 weeks.
2️⃣ Global liquidity pressures due to repricing of the interest rate decision in December.
3️⃣ Psychological panic repeating the same pattern we saw
Today, $BTC is about –24% below its 200-day moving average… the deepest distance it has reached in almost two years.
The important question: Is this a collapse that reflects “fundamentals”?
The simple answer: No.
The current movement is driven by 3 clear factors:
1️⃣ Violent leverage liquidations hitting the market for the past 3 weeks.
2️⃣ Global liquidity pressures due to repricing of the interest rate decision in December.
3️⃣ Psychological panic repeating the same pattern we saw
GT0,78%
MC:$39.92KHolders:2051
100.00%