BITCOIN MOMENTUM DIPS IN RESPONSE TO IMMINENT EXPIRATIONS

Crypto currency experiencing a shake up which might make or mar it potentials

BITCOIN MOMENTUM DIPS IN RESPONSE TO IMMINENT EXPIRATIONS
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The future contracts on Bitcoin is expiring on Friday which cause a dip on the crypto with the tendencies of rising back after the expired date for the contract. It's also in the news that Tesla is stacking up for Saturday, Fidelity is filing an ETF, and sovereign wealth funds are asking NYDIG how to buy. Goldman and Fidelity both announce they are filing for #Bitcoin ETFs Thursday, yet @RayDalio says it's going to be banned. Very interesting dichotomy playing out right now.

The futures contracts expiration on Friday is a hint someone powerfull has a short position, and might be losing it soon. Probably a miner, now they are dumping to maximize profit, the stock market is also experinecing downslide. What happened is that traders sold short too many of the $44k. If the price approaches that which it tends to do (max pain) then selling will accelerate hitting that strike.

Crypto funds know the clock is ticking, they know the crypto game is about to be over. Maybe nobody think it's odd that these banks were talking to clients months ago to buy bitcoin, dash, and other alternatives all of a sudden, right when those same institutions are announcing their own leverages,

The scenario playing out right now is that a sizable sell off that occurs with massive outflows was planned by future buyers trying to push price as low as possible in order to buy a lot cheaper. They are trying to mess up the natural flow of the bull run from the last couple of weeks, still shady and a massive disappointment to the liquidity of bitcoin and grassroots support.

But with all these believes, some insists the market is dipping ONLY because this Friday night will expire 6 billions of bitcoins (around 100 thousands pcs) and not everybody will be able to finance the position. I am confident that next week will be much better with the new month, anyone with over 50k will find it easy to marginalize losses and cover up in no time.


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