The Bitcoin Index is close continuously Low level which is about the lowest level in October 2018.
I’ve already compared these graphs (see below).
In fact, after this reduction It’s always a big draw.
The up or down question is the eternal question of most people in the market.
Domestically, I think there will first be an upward movement with short positions liquidated and then a downward movement.
My opinion hasn’t changed since November 2021 – we’re on our way down and already close to the bottom. For this, we miss the last dive with multi-billion dollar liquidations of big and small players in the market.
Who benefits? manipulator.
Who is the manipulator? The largest cryptocurrency exchanges with Trading like – Binance, FTX, Bybit, Okex, Huobi, etc.
For those with short memories, remember when you bought Binance Coinmarketcap – after the Covid 2020 case.