Hello everyone! Today I want to talk about the recent events in the cryptocurrency market.
As you know, there was a significant drop in the price of bitcoin yesterday. Many people are wondering what caused this event.
In my opinion, the main reason for the drop are the so-called "whales" - large players in the market who can manipulate prices. At the peak of the price, they decided to enter SHORT, which means to bet on a decrease in price, instead of betting on growth (LONG). This allows them to earn money by manipulating the market.
However, I do not believe that this means the market will go down. I think that first we will go up again, and only after that can we talk about a drop. Of course, no one can predict the future with precision, and the cryptocurrency market can always be very unstable. Nevertheless, I am convinced that ultimately everything will end well for all of us, and we will all have profits.
Thank you for your attention, and let's stay up-to-date with the events in the market together!
As you know, there was a significant drop in the price of bitcoin yesterday. Many people are wondering what caused this event.
In my opinion, the main reason for the drop are the so-called "whales" - large players in the market who can manipulate prices. At the peak of the price, they decided to enter SHORT, which means to bet on a decrease in price, instead of betting on growth (LONG). This allows them to earn money by manipulating the market.
However, I do not believe that this means the market will go down. I think that first we will go up again, and only after that can we talk about a drop. Of course, no one can predict the future with precision, and the cryptocurrency market can always be very unstable. Nevertheless, I am convinced that ultimately everything will end well for all of us, and we will all have profits.
Thank you for your attention, and let's stay up-to-date with the events in the market together!
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