Brighter days are ahead of us, this isn't out of the ordinary price action during summer time. Equities are still strong, this idiosyncratic spot selling is dominating all the flow but it will not continue forever.
Crypto traders have the memory of a goldfish. Once this selling subsidizes and ETF news starts getting some momentum, we'll see them all rush in at range highs once again.
Crypto traders have the memory of a goldfish. Once this selling subsidizes and ETF news starts getting some momentum, we'll see them all rush in at range highs once again.
People seem to forget as well that after ETF the bottom price of bitcoin will most likely never gonna touch $30k again, because it's simply too low for the value of bitcoin with wider adoption and with all the ETFs existing right now.
so whatever FUD being dumped into the market right now, will not last long, since the demand for bitcoin has increased by significant margin compared to previous bullrun.
just right now about 2 week after this topic was created price already getting back to $65k and despite the news of mt gox distribution through kraken and so on is being published by daily basis through various outlets, it still has no effect whatsoever
.