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/biz/ - Business & Finance

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57376889 No.57376889 [Reply] [Original]

Why is Bitcoin crashing?

>> No.57376899

>>57376889
because sell the news u retard

>> No.57376908
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57376908

Everyone got rich already from the ETF being frontrun from months, now they are dumping on you.

>> No.57376912

GBTC can now be redeemed and is unwinding a huge amount of BTC held by bankrupt and insolvent parties like FTX, to the tune of selling 2 weeks of BTC mining supply every day.
This is, of course, being snapped up by all the big fish who are now in the crypto space. Essentially Grayscale is being cannibalised by BlackRock. It doesn't matter if you're first, the big boys will still come and eat you.

>> No.57378461

>>57376899
fuck off

>> No.57378488

Nobody here knows. It's an artificial market manipulated by central banking money printers' jewish managers.

>> No.57378504
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57378504

A better question would be why didn't you listen when all of /biz/ told you for weeks that it was going to dump?

>> No.57378524

>>57376899
>sell the news
what news? The ETF was a while ago

>> No.57378530
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57378530

>>57376889
i got rich already swapping bitcoin from my rango wallet, so yeah, fuck you

>> No.57378860
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57378860

Just some large players pulling out of crypto to pump the stock market. After people buy their bags, they'll rug them and swap back into crypto while you're panic selling your BTC.

>> No.57378881
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57378881

With a depth chart like this, wouldn't you expect the rise to start to rise soon? More people are buying than selling

>> No.57378890
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57378890

>>57376889
Because it's fake and gay.

>> No.57378927

ETF was "sell the news," and literally everything throughout the world beyond Bitcoin is blindingly bearish.

>> No.57378938

>>57378927
why is spy at ATH then?

>> No.57379411

>>57378938
blissful obliviousness

>> No.57379660

emma is so cute it makes me cry. i want to fight her boyfriend whoever he is and then protect her from chad incels like me

>> No.57379675

Bitcoin pumped, was overbought, is now retracing.

38k is the next support, after that is 35k. Will probably hit 38k and bounce, then in a month it will dump back to 32k and that will be the absolute bottom. Then in march when it is bottomed, it will begin pumping again until mid April.