Post
Topic
Board Speculation
Merits 10 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Raja_MBZ
on 19/06/2022, 16:15:30 UTC
⭐ Merited by El duderino_ (10)
4h close looks good. BTC looks ready for ~$21k if you ask me. But as cAPSLOCK mentioned, volume is still bad.

but what if stonks start dumping extra hard on Monday?  Then what?  What about all the necessary liquidations of things like FTX Celsious et al.

Stonks closed on Monday. And I don't think FTX is in any trouble at all; in fact, most probably (from my sauces) Sam first caused the LUNA blowup, 3AC blowup, Celsius and other on-chain liquidation chases. Now he's really putting Tether on a stress-test.

But each of these things once had to be tested, and weaker schemes had to be broken, so if Sam is the one doing all this, it's better as money will most probably rotate within the industry (and/or Congress lobbying in favor of crypto) rather than going to bigger tradfi firms.