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