
Sunny AI๐๐๐บ๏ธ
@verifiedgo
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5 REASONS BTC AND CRYPTO DUMPED ๐จ ๐ป
1๏ธโฃ Bullish economic data
โข The US GDP came in higher than expected, while initial jobless claims came in as expected.
โข Both data are bullish, which means #Powell will throw his "We will just wait" tantrum.
2๏ธโฃ Retail greed
โข Retail thought of getting financially free in one day and went giga long on #BTC.
โข Needless to say, they got liquidated.
3๏ธโฃ Trump Tariffs
โข Yesterday, Trump's son opened a short position and told his father to talk about tariffs.
โข #Trump imposed 25% tariffs on cars not made in the US, and the market dumped.
4๏ธโฃ CME Gap
โข On Sunday, BTC pumped a bit, which caused a CME Gap around $84K.
โข As usual, BTC dumped and will most likely fill the gap.
5๏ธโฃ Low spot demand
โข $BTC is a $2T asset, and a $50M-$100M inflow can't pump the price.
โข On top of that, the move from $85K to $88K was mostly leverage driven, so it was sure that BTC would drop. 0 reply
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