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57394277 No.57394277 [Reply] [Original]

Is 34k programmed?

>> No.57394291

>>57394277
What site is this?

>> No.57394294

>>57394291
swallowed.com

>> No.57394299

>>57394291
Imagine being long when grayscale and ftx is dumping.

>> No.57394307

>>57394291
blacked.com

>> No.57394325

>>57394299
I'm long on xAI right now. 10x margin, 70k. Up 10k right now.

>> No.57394354

>>57394291
https://www.coinglass.com/pro/futures/LiquidationHeatMap

>> No.57395623

>>57394354
Thanks for the link.

>> No.57395652
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57395652

>>57394277
So you're telling me that:
1) exchanges can make millions,
and
2) Fidelity and BlackRock, etc can buy BTC for their ETFs at a massive discount...

IF the BTC price goes to 34K?

>> No.57395658
File: 59 KB, 702x564, thanksfren.jpg [View same] [iqdb] [saucenao] [google]
57395658

>>57395623
You are welcome

>> No.57395666
File: 62 KB, 592x422, 3wgwnu-1201111221.jpg [View same] [iqdb] [saucenao] [google]
57395666

>>57395652
kek

>> No.57395697
File: 2.58 MB, 360x360, 1692081215001081.gif [View same] [iqdb] [saucenao] [google]
57395697

who or what causes the market to move towards max pain? is it the exchanges, because they profit from liquidations?
do they really have the power to single handedly dump bitcoin from $40k to $34k? that's a pretty big move

>> No.57397734

>>57395697
Not so much for bitcoin. There are literally Billions in profit in liquidations down to 34k.

>> No.57397758

>>57397734
>>57394277
>>57394354
use your brain for a moment. where did the billions come from? because it's not retail

>> No.57397821

>>57394277
Explain what this means to a retard. Is 34k the absolute bottom?

>> No.57397877

>>57397758
even better

>> No.57397946

>>57395652
There's no real demand, there's no new money, its just grayscale btc going into ETFs where they hope that retail will buy their bags.

>> No.57397992

>>57397877
>they will liquidate themselves
genius

>> No.57398004

>>57394354
Thank you anon. Very cool.

>> No.57398020

>>57394277
What percentage of the market is futures contracts?

>> No.57398050

>>57397946
>grayscale btc going into ETFs where they hope that retail will buy their bags
that sounds more bullish than you probably intended
so a multibillion dollar company is buying huge amounts of bitcoin at the current price because they believe retail will make the price go higher?
sounds good, me too

>> No.57398062

>>57398020
And by market I mean Bitcoin. Also it makes sense that 34k is a liquidation level as that's where the 200dma is. People put their stop losses there.

>> No.57398081
File: 862 KB, 1453x2105, softlandings.png [View same] [iqdb] [saucenao] [google]
57398081

>>57398050
Yeah and they are wrong. We would be seeing already tons of demand based on all time highs ETF hype but there is mode dumping than demand. Also pic rel will do the rest.

>> No.57398095

>>57397821
Means that if the price goes to 34k even for a second Binance and a lot of other exchanges make billions of dollars, because people gamble with leverage having to leave a certain amount they will lose at a predetermined level price as "insurance". At 34k a loooot of people lose that money to the exchanges.

>> No.57398127

>>57397758
ok genius, where did that money come from, and how you know is not retail? Illuminate us.

>> No.57398134

>>57395697
Bitfinex. The exchange that prints tether just happens to be the only exchange that combines spot and perp into a single order book. Bitfinex 100% controls this market when it needs to.

>> No.57398161

>>57398062
here you have a lot of metrics
https://www.theblock.co/data/crypto-markets/futures

>> No.57398266

>>57395697
You just happen to have overbought levels, miners selling, and Bitfinex owns a monopoly on all the exchanges and tether. They liquidate leveraged positioning when they can for a profit. So its a combination of things.

>> No.57398314

this may be a dumbass question but what if we all sell and abandon bitcoin and go to something better

>> No.57398321
File: 421 KB, 1170x621, BTC Area 51.jpg [View same] [iqdb] [saucenao] [google]
57398321

>>57394277
Know what else is programmed, 0.

>> No.57398355
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57398355

>>57394277
It will dump to low 30s over the next week

>> No.57398650

>>57398314
if king bitcoin falls, then all other cryptocurrencies fall as well for the foreseeable future

>> No.57398767

>>57398314
That something else would become very valuable and bitcoin would lose its value. Prices are determined by what investors are willing to pay for them. That's it.