Your Crypto Guy 🇮🇳
14.9K subscribers
4.36K photos
58 videos
27 files
1.27K links
Download Telegram
Important data will be released in the next 4 hours.
Your Crypto Guy 🇮🇳 pinned «If You’re About To Sell Your Crypto | You Need to See This ✅ https://youtu.be/mlcfmnJGfE4»
The headline CPI came in lower than last month, which is positive, but the core CPI came in higher than last month. which indicates that we won’t get a 50bps rate cut next month, and we will likely only see a 25bps cut.
Someone sold a large quantity of BTC on Coinbase Premium through a market order, which caused a sudden price drop and Btc has broken the $61,000 level. And the weekly closing is in the next 3 days. If BTC confirms support above $61,000 before that, it will be positive otherwise, it could create a panic situation for the market.
This Bitcoin move was driven by spot market sell order, while we didn’t see significant liquidations in this range. But there’s a buy wall in this range, hope for the best.
During the recent dump, we also saw a decline in BTC dominance, which is why alts and ETH didn’t dump as much against BTC.
But the drop in BTC dominance, along with the pump in USDT dominance, indicates that the BTC sold recently has been converted into stablecoin, which haven’t yet been reinvested into the market or alts.
Btc 4h 📊