🚨 HERE IS WHY BITCOIN IS CRASHING!!!!!!
Summary
TLDRIn this video, the host discusses a significant drop in Bitcoin's value, attributing it to the German government's apparent Bitcoin sales and repayment pressures from Mount GX. Despite the market's fear, the host highlights Ethereum's outperformance and the potential impact of Bitcoin ETFs, suggesting that the current dip could be a precursor to a major bullish trend. The video also teases an upcoming trading competition with a chance to trade in Dubai and emphasizes the importance of risk and money management in trading.
Takeaways
- 📉 The Bitcoin market has experienced a significant drop, with the value falling from $400,000 to just $7,000, prompting questions about the reasons behind the crash and the future of cryptocurrency.
- 🇩🇪 The German government is reportedly selling Bitcoin, holding around 43,000 Bitcoin, which could contribute to the current selling pressure in the market.
- 💰 Mount GX is set to begin repayments of $9 billion worth of Bitcoin in July, which is causing market uncertainty and fear among investors.
- 📊 Despite the downturn, Ethereum has relatively outperformed Bitcoin, with a smaller percentage drop and a surge in active addresses, possibly due to ETF attention.
- 🚀 The global liquidity is expected to increase significantly, which aligns with the election cycle and could potentially impact the cryptocurrency market.
- 🏆 An upcoming trading competition by Event Horizon is being announced, offering participants a chance to trade with over a million and live in Dubai, all expenses paid.
- 📈 Bitcoin ETFs have been purchasing more Bitcoin than has been mined since their launch, indicating strong institutional interest and buying support.
- 📊 The current oversold state of Bitcoin is reminiscent of a similar situation 300 days ago, which marked the bottom of the market at $28,000.
- 📉 The speaker suggests that the market could potentially drop further to $58,000 before rebounding, based on previous market cycles and patterns.
- 💡 The speaker encourages viewers to consider the long-term potential of Bitcoin and not to be swayed by short-term volatility or fear.
- 🔗 For those interested in trading with proper risk and money management, a tutorial is available to help understand and implement these strategies effectively.
Q & A
Why is Bitcoin experiencing a significant drop in value?
-Bitcoin is dropping in value due to the German government selling large amounts of Bitcoin and the impending repayments from Mount Gox, which are causing market uncertainty and increased selling pressure.
How much Bitcoin is the German government currently holding?
-The German government is holding 43,000 Bitcoin.
What impact is Mount Gox's repayment plan expected to have on the Bitcoin market?
-Mount Gox's repayment plan, which involves releasing $9 billion worth of Bitcoin starting in July, is expected to add significant selling pressure to the market, potentially driving prices down further.
How does the selling pressure from Germany and Mount Gox repayments compare in terms of market impact?
-Both the German government selling Bitcoin and the Mount Gox repayments are contributing to the market downturn, but the repayments are particularly alarming to investors, adding to the fear of significant price drops.
What is the current performance of Ethereum compared to Bitcoin?
-Ethereum is currently outperforming Bitcoin, with a smaller percentage drop in value. Ethereum has gone down 5%, while Bitcoin has dropped 6%.
What recent developments are drawing attention to Ethereum?
-There is a huge spike in active Ethereum addresses due to the excitement around the Ethereum ETF, which is driving more attention and investment towards Ethereum.
What is the global liquidity trend mentioned in the video?
-Global liquidity is expected to explode, which means there will be more money circulating in the market. This is anticipated to drive up the prices of assets that cannot be printed by the government, such as Bitcoin.
What opportunities are being offered for traders in Dubai?
-A trading competition is being organized, where the top five winners will get a chance to move to Dubai with all expenses paid and trade on the Event Horizon trading floor.
What advice is given regarding the current Bitcoin price action?
-Investors are advised not to panic sell despite the current downturn. Historical patterns suggest that significant drops can precede major upward trends.
What historical pattern is highlighted to reassure Bitcoin holders?
-The last time Bitcoin was heavily oversold, 300 days ago, it marked a bottom and a subsequent price rise. The current situation shows a similar pattern, suggesting potential for future gains.
Outlines
📉 Crypto Market Crash Analysis
The video script discusses a significant drop in the value of Bitcoin, attributing it primarily to the German government's apparent sale of a substantial amount of Bitcoin, which they hold. The script also mentions the potential impact of the MEA regulation in Europe on the market. Additionally, it highlights the upcoming $9 billion Bitcoin repayments by Mount GX, which could contribute to market fear and downward pressure on prices. The speaker also promotes trading on Binance with a 42% discount on fees for deposits and trades over $100,000, and mentions a trading competition with a grand prize of moving to Dubai and trading at the Event Horizon trading floor. The script contrasts the current market situation with Ethereum's performance and active addresses, suggesting a shift in attention due to an ETF. It ends with a reminder of the importance of proper risk and money management in trading.
📈 Historical Bitcoin Trends and Future Market Predictions
This paragraph delves into historical Bitcoin price trends, drawing parallels between the current market situation and past oversold conditions that marked the bottom of market cycles, such as 300 days prior when Bitcoin reached $28,000. The speaker encourages viewers not to panic sell, using historical data to suggest that we might be at the brink of a significant bullish trend. The script also discusses the potential for a market breakout similar to past cycles, suggesting that the current dip could be a consolidation phase before a major upward movement. The speaker shares their personal stance on holding and possibly adding to their Bitcoin position despite market fluctuations, and reminds viewers of the trading competition and the importance of risk management.
Mindmap
Keywords
💡Bitcoin
💡Cryptocurrency
💡German government selling
💡Mount GX
💡ETFs
💡Oversold
💡Trading competition
💡Babit
💡Risk and money management
💡Parabolic
💡Non-diamond handers
Highlights
Trade was down from $400,000 to only $7,000, raising questions about the stability of Bitcoin and the crypto market.
German government appears to be selling Bitcoin, holding 43,000 Bitcoin, which could lead to significant selling pressure.
Mount GX is set to begin $9 billion worth of Bitcoin repayments in July, causing market concern.
Ethereum is outperforming Bitcoin, with a 5% drop compared to Bitcoin's 6%, and a spike in active addresses due to the ETF.
Attention is shifting towards Ethereum as the market anticipates the ETF, potentially impacting trade dynamics.
Global liquidity is expected to increase significantly, which may coincide with the election cycle.
An upcoming trading competition by Event Horizon offers a chance to trade with over a million and live in Dubai.
Bitcoin ETFs have been purchasing more than double the amount of Bitcoin mined since their launch.
The current market situation is similar to when Bitcoin was heavily oversold 300 days ago, which marked the bottom at $28,000.
Historical cycles suggest that the market may be on the verge of a significant bullish movement.
The speaker emphasizes the importance of not exiting Bitcoin and crypto based on short-term selling pressures.
A trading challenge by Event Horizon will offer cash prizes and the opportunity to move to Dubai.
Babit is offering a 42% discount on trading fees for users who deposit and trade with more than $100,000.
The speaker provides a tutorial on proper risk and money management for trading Bitcoin.
The market predictions suggest a potential downturn to $58k for Bitcoin before a possible recovery.
Ethereum's chart indicates a formation that may play out with a potential move off after August.
The speaker encourages viewers to stay strong in the face of market volatility and consider adding to their trades.
Transcripts
hello there everyone so we are this
trade was up
$400,000 now it's up only
$7,000 how did this happen who is
selling Bitcoin why is everything
crashing what is happening is this the
end of crypto let's just dig right into
it because this kind of a Monumental
crash in Bitcoin all the way down to
60,000 so what is happening let me show
you first thing first reason why that is
uh is because German government is
currently it appears to be selling
Bitcoin right now they sent again this
was some time ago but they're sending a
lot of Bitcoin right now to exchanges
and they're actually holding
43,000 Bitcoin so if they're going to
keep selling we had selling From Grace
scale which subsided somewhat and now we
have German government selling Bitcoin
but that's not it that's not all
possibly ahead of the mea regulation in
Europe we'll see Europe isn't that very
much important for it is important but
the US and Asia is much more important
than Europe but we'll see what happens
from here because Germany is holding
billions of dollars worth of bitcoin
which can translate into huge selling
pressure but this is just reason number
one and it just started so this could
continue
theoretically reason number two is Right
Here Mount GX to will begin $9 billion
uh billion dollars worth of bitcoin
repayments in July so this is what the
market um is being spooked by exactly
this so Germany and mount GX to begin
repayments in July because of the
selling pressure a lot of people are
saying it's going to go down to $30,000
a Bitcoin and if you think so as well
please let me know down down in the
comments but overall these are the two
main reasons but now before I move to
the Chart let me explain the other side
of the story here and let's see if it
outweighs these two critical points that
actually are driving the prices down so
and remember guys I'm trading over on by
as you can see and I'm holding millions
of dollars with buit and if you want a
42% discount on trading fees um then you
can use my link to buy the down
description this video and uh for you to
get a 42% discount on your fees using my
link you need to deposit and trade with
more than
$100,000 if you want to claim up to
$330,000 in general deposit bonuses you
can do so as well in the reward center
after using my link to sign up with buet
and there is other bonuses you can see
on the screen right here but the main
one is a 42% discount for Wales and
deposit bonuses also on top of it um now
before we come back to the Chart let me
give you some very important information
outside of the two reasons why Bitcoin
is dumping right now here is first one
uh and this is something interesting I
want you to notice that if you look at
uh ethereum right now let's look at the
chart right here so ethereum has gone
down 5% while Bitcoin has gone down 6%
so ethereum is outperforming Bitcoin
right now and we're also Al saying right
here that there is a huge spike in
ethereum addresses active addresses why
because of the ETF because um the all
the attention is on ethereum right now
so therefore our trade which I'm going
to probably continue scaling further and
making it an even bigger trade tell me
in the comments if you think I'm crazy
because right now all of the attention
will be on ethereum and besides this
what matters and what you need to pay
attention to which all that we need
right now is this right here that glob
liquidity is about to explode by
everything the government cannot print
and I agree with this guy right here
because this is what it looks like and
it also coincides with the election
cycle so if we look at this here is what
you need to understand if you're just
holding Bitcoin if you're trading
Bitcoin or ethereum whatever the Bitcoin
ETFs and by the way guys also when it
comes to the event horizon we're going
to currently be will be launching a huge
we're going to announce it separately in
separate video so just quickly to
mention it is that there's going to if
you want a chance to trade with over a
million
and you want to move to Dubai all
expenses paid and live in Dubai and
trade in Dubai on our trading floor
we're going to create a huge trading
competition very soon we are preparing
it for anyone who wants to join the top
five winners of the first stage will
come to Dubai and will trade at our
Event Horizon trading floor and which
going to be part of our decks down the
road and uh those the five best ones
will get a chance to move to Dubai all
expenses paid get a new life and trade
with us at the Event Horizon an office
in Dubai so we'll make a separate video
and announce it let me know in the
comments if you're interested and you
don't need to pay anything for this uh
participation and show what you can do
as a Trader and get a chance to come to
Dubai in just literally a couple of
weeks so it will be really cool so what
you need to pay attention to right here
is that the Bitcoin ETFs have been
buying more than double the amount of
Bitcoin that has been mined since the
launch of the ETF don't get distracted
by short-term selling very good point
new Bitcoin mind $108,000 Bitcoin while
224,000 Bitcoin were purchased by dtfs
alone so this is not all here is what I
also want you to see that last time
Bitcoin was so heavily oversold as Crypt
Rover has pointed out was so heavily
heavily heavily oversold as it is now
was 300 days ago and this also marked
the bottom it was right here at the
$28,000 a Bitcoin so we're seeing a very
similar situation right now it doesn't
mean it cannot go lower but still and
also if you're considering to get out of
Bitcoin because of all this German
threat and you know the mount GX
redistribution whatever repayment here
is why you shouldn't freak out about the
current price action and this is the
chart right here so these are previous
Cycles uh purple I whatever that is U
let's say pink blue green gray so right
now this is our current cycle right here
gray color so we're standing literally
right here and the pr previous Cycles
this was except for the one from 2011
2015 so the first one basically arguably
second one not the Genesis yes so the
second cycle so here we every time we
were standing before right at the verge
of the beginning of the huge parabolic
uun so this is we are literally standing
at a place of the biggest runs ever so
the same thing like do you really want
to be exiting Bitcoin and crypto right
here 2016 we were consolidating at the
alltime high and then the actual bull
market came 2020 same thing
consolidation at the alltime high
maximum power to the upside same thing
right here we're consolidating going
lower we could Jag along and then
finally break out so exactly the same
kind of a scenario do you really want to
exit crypto ask yourself back in 2016
would you really want to exit crypto
here or in 2020 do you want to exit
crypto here I really don't think so so
therefore this brings me to the chart
and overall in Bitcoin if you do zoom
out
it is actually playing along I mean I
should probably have my drawings as uh
Market predictions in the future so this
as I said we could go down to 58k and so
far we actually we just gone down to
like 59 so we are still in the same
vicinity so hopefully at this point
maybe we'll touch it here turn around
and then finally somewhere closer to
July August September somewhere in this
vicinity the move off will finally begin
so the same thing here in terms of eth
yeah we kind of we're pulling back
already and I think that my our trade is
looking tiny bit better okay already 20K
in profit so basically here we have this
formation that still has to play out and
possibly jug along maybe even into
August and finally move off after we had
exhausted the entire move after we've
exhausted the patience of every single
non-diamond hander and then finally move
off without any of their presence so
this is it it doesn't really look that
scary so please guys stay strong I don't
care for my if it goes lower I'll be
just adding more to this trade remember
about all the bonuses um of babit that
bit is offering up to 42% discount if
you actually use um babit with more than
$100,000 link down description of this
video and this huge Challenge on Event
Horizon the trading challenge will start
very soon so pay attention we will get a
chance to come to Dubai and win a bunch
of cash prizes as well and check out
this quick tutorial as to how to trade
Bitcoin with proper risk and money
management so that you actually
understand how to use risky money
management properly and make some good
profits as well for yourself and as
always peace and love time scr stay
smart stay very rich and I'll see you
next video bye-bye
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