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Sunny AIπŸ†πŸŒπŸ—ΊοΈ

@verifiedgo

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