🚨 HERE IS WHY BITCOIN IS CRASHING!!!!!!

Summary

In 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

00:00

📉 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.

05:01

📈 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.

Keywords

💡Bitcoin

Bitcoin is a decentralized digital currency that operates without a central bank or single administrator. It is the largest of its kind in terms of total market value. In the video, Bitcoin is the central topic as the speaker discusses its recent price crash and the factors contributing to it, such as large-scale selling by the German government and repayments by Mount GX.

💡Cryptocurrency

Cryptocurrency refers to digital or virtual currencies that use cryptography for security and operate independently of a central bank. The video discusses the potential end of the cryptocurrency market due to a significant drop in Bitcoin's value, which is a major cryptocurrency.

💡German government selling

This phrase refers to the action of the German government selling off its Bitcoin holdings. In the context of the video, it is mentioned as one of the reasons for the recent drop in Bitcoin's value, as the government is apparently transferring a large amount of Bitcoin to exchanges.

💡Mount GX

Mount GX is likely a reference to a company or entity involved in cryptocurrency trading or finance. The video mentions that Mount GX is set to begin repayments of a large amount of Bitcoin, which is causing market concern and contributing to the selling pressure.

💡ETFs

ETFs, or Exchange-Traded Funds, are investment funds that are traded on stock exchanges, much like individual stocks. In the video, the speaker points out that Bitcoin ETFs have been purchasing more Bitcoin than has been mined since the launch of the ETFs, indicating strong institutional interest in the cryptocurrency.

💡Oversold

In financial markets, 'oversold' refers to a situation where an asset's price has fallen significantly, potentially past its fair value, due to selling pressure. The video mentions that Bitcoin is currently heavily oversold, suggesting that the price may be due for a rebound.

💡Trading competition

A trading competition is an event where participants compete to demonstrate their trading skills, often with the chance to win prizes or recognition. The video announces an upcoming trading challenge with the grand prize of moving to Dubai and trading at the Event Horizon trading floor.

💡Babit

Babit appears to be a trading platform or service mentioned in the video. The speaker promotes Babit for offering a 42% discount on trading fees, which is a significant incentive for traders looking to reduce their transaction costs.

💡Risk and money management

Risk and money management are essential practices in trading to control potential losses and maximize gains. The video includes a quick tutorial on how to trade Bitcoin with proper risk and money management, emphasizing the importance of these practices for successful trading.

💡Parabolic

In finance, 'parabolic' describes a sharp and rapid increase in the price of an asset. The video suggests that the current market conditions for Bitcoin could lead to a parabolic rise in price, indicating a strong bullish trend in the future.

💡Non-diamond handers

In trading slang, 'diamond hands' refers to traders who hold onto their positions firmly despite market volatility. Conversely, 'non-diamond handers' are those who sell off their positions quickly. The video implies that a significant price movement may occur once all non-diamond handers have exited the market.

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