WTF is now wrong, all cryptos down?

jorge

🗣️ Active Recruit
Oct 5, 2012
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What's going on now? Today, all cryptocurrencies are dropping after showing nice gains over the past week. Are the large investors cashing in their profits now, or what is the reason?
 
textbook bear market sign 😀

let's blame Bhutan gov - they deposited 365 BTC to Binance‌ - maybe they got a consult from Germans and are up to something...
 
don't worry, it's completly normal. Btc will drop to around 85k to liquidate the positions,‌ then it will go up further.

boring marketmaker work..
 
I doubt that‌ Bhutan government needs 33M (they cannot get another way) to spend for something sensible -‍ as it would be the only excuse to do something like this

or maybe some⁠ government expert wanted test the whole process of cashing out through Binance and forgot to⁤ switch the units in the "state bitcoin wallet" from bitcoins to sats. 😀 what do I⁣ know...
 
Why do‌ you think so, as history has shown it is never too late!
 

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