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@sohagmia
Why is the market so BORING right now? 1. Crypto Total Market Cap - TOTAL MCap is $2.2 trillion. - BTC MCap is $1.2 trillion. In order to move the price of BTC from $61k to $74k (new ATH), we need $265 billion injected into the market. That's a lot of money! Where can we get it? 2. Volume The Volume has been low since Apr 2023. We need volume in the market to start pushing the price up. Volume = Money In = Liquidity 3. Liquidity Where can we get liquidity? - Treasury Buyback - Rate Cut - Others Treasury buyback will provide $2 billion in liquidity in the market per week. The rate cut is anticipated this year. But there might be a delay due to the election. Election year is bullish for investments. 4. Sentiment Investors are bearish right now. - Miners are selling - Mt. Gox news - German govt selling We need to wait for FUD to clear out, or wait for a catalyst. 5. Conclusion We need to be patient. This is the perfect time to study the market and stack your crypto bag.
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