..aaaand, we’re back again – malfunctioning the price of bitcoin. Sunday evening Bitcoin Flash Crash soaked a red candle the size of Jupiter. Even more eerie, it continued to fall on Monday morning, falling below $111,000.
Well, in this area, we say no one knows why prices move. but sometimesalthough we… not as much as we would like. Today I will explain two things. Late last week, the last 24 hours of Shenangan and Fed Jerome Powell said.
Unruly Bitcoin Price
The end of Sunday (European time) was pretty disgusting:
When a chart looks like that, it’s hard to say “no one knows.” someone I know I slammed the price of Bitcoin at around 3,000 in just a few minutes. If it’s not a specific macro event like last week, then eating through such an order form is a) Large scale Orders, and – equivalent to the same – b) mass Liquidation.
Yesterday there were both signs.
or…
This is an undeveloped market, and how small we are and how illegal the Bitcoin market is is ridiculous. still You can be upset by individual market actors. (As always, at Bitcoinland, there are Schmacks who are willing to turn the verification into bad Things to do good thing. )
The immediate 2.5% drop in Bitcoin prices last night could be one-time due to whale sales and liquidation, but the progressive oblique movement between the night and Monday morning (Bitcoin prices fall below $111,000) is far more worrying. Ignore the big, noisy whales… Is wth happening? Why are we dying slowly? When we should win, son!
All the macro arrows in the world are heading in the right direction: Why there is a Bitcoin price trading underin this What if the range and sanity ratings are doubled or tripled from here…? (No, we I didn’t do it Below $111,000 As or because Or, in relation to Metaplanet, we announce the purchase).
The price does whatever it wants. Shit will do anything.
Bitcoin Price Therapy absolutely Necessary: Bitcoin prices do whatever you want without considering sane or reasonable valuation. Don’t care in the world for the most bullish situation. The biggest pain, I heard it said. Even Saylor’s million dollar averaging produced many dents:
One of these magical tea leaf reading techniques (128-day moving average) is that today’s Bitcoin Magazine Pro team is $108,500. Saylor et al already sells kidneys and chairs, so what remains?
What’s more interesting/terrifying is that it keeps falling afterwards and hits a new low. Our most scoop-like explanation is that all these shits (BTC Inc owner Bailey recently incinerated $41 million) are doing one. Some of the liquidated red candles have slow, crumbled, time-weighted prices.
Certain Cypherpunk OGs seem to know the structure.
Bitcoin Price and Powell’s Intestines
Sometimes we actually (some kind) do We know what happened in the market – Eastern August 22nd, 10am East: Released on the Fed’s website was a statement/upgrade to the Fed’s monetary policy framework. It was widely interpreted as a future easing of card monetary policy. how Do we know this? All (hard) asset jump moments and dollar index It’s fallen:
- 9:59:49…Bitcoin price = $112,393, according to Bitcoin Magazine Pro charts.
- 10:00:49, 1 minute later, it’s 113459…
- A few minutes later, we reached 115,000 and Bitcoin prices rose 2.3% on the news.
This is the kind of shit that drives the market, and instantI am sure this is the cause due to the massive movement.
(Reference: 9.59, DXY = 98.7; 2 minutes later, 98.15; 1 minute, 97.8; That’s 1%.
Now we found the source – the release of Powell’s speeches and statements. Which of What shocked market was his statement a little?
What happens with such releases, or inflation or unemployment due to BLS – means that simple trading algorithms can be updated immediately, valuing seconds and often followed by a second-second trading effect. After 10, 20, 30 minutes involving human and intellectual evaluation, the movement itself often reverses. After all, it was all nothing. This time, it wasn’t because Bitcoin was trading high over the weekend (until someone ruined the fun on Sunday).
Powell’s statement last week revealed that
- Inflation is rising a little, but it is under control and comes down
- GDP growth has slowed significantly
- The unemployment rate was stable and balanced (though a “curiosity balance” in which both supply and demand fall together).
- …and they discard this whole erroneous idea average Inflation targets (over periods that no one has specified).
“In the near future, the risk to inflation will be leaning upside down, lowering the risk to employment — a challenging situation.”
However, Powell concluded that these risks “may ensure that we adjust our policy stance.”
Within minutes and hours of the speech and statement release, Bitcoin price peaked at $117,000, then returned to $116,000. This is a market participants organically analysing and assessing what this new state means.
This is what I meant to say, “No one knows why.” still Hold: No one knows Which part The statement in Powell’s statement was important. New information is always mixed, Expectations Market participants were in, but rarely communicated what they were. What we do when we play these catch-up, ad-hoc, case descriptions is playing games after streamlining. It’s not that impressive.
It’s totally pathetic. Bitcoiner needs to be rich and prosperous, but not poor and distraught.
Bitcoin price therapy. Meet Bitcoin in Hong Kong, Asia.
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