Date: 2024-01-23T20:14:51Z Creator: Bitfolio Academy
Crypto getting ROCKED by a sell-off storm, today. What is going down in crypto town? Well, Bitcoin has been leading the charge with a MIGHTY 80% surge since October. The rumors of that Bitcoin spot ETF sparked magic, starting in October.
To my INCREDIBLE Discord community – you rockstars saw it coming! I started warning about a downturn on January 12th. I gave the heads up to the day traders: the tide was turning and those numbers were about to tumble – from $47,000 down to $44,000 for BTC. Fast forward 10 days to January 22nd when I BOLDLY declared to my eagle-eyed squad: “Folks, we’ve flipped! The bears have taken the wheel. For BTC, the next stop is $38,000 and then $36,000. 🐻🔽
BUT WAIT, it’s not just Bitcoin, my friends. We’re seeing a domino effect with shockwaves rippling through the ENTIRE crypto market.
The catalyst? Grayscale and their spot Bitcoin ETF fees are a glaring 1 and ½ percent, triggering a MASS EXODUS that’s sending sell pressure through the roof! Over the last couple of weeks, a staggering $6 billion vanished from their ETF, plummeting from $28 billion to $22 billion, and the bloodletting shows NO signs of stopping. 💸📉
But DON’T LOSE HEART! I am revved up and BULLISH for the long run. 🚀💥 The countdown to the Bitcoin halving is ticking – we’re a mere 3 MAGIC months away! But expect EXTREME TURBULENCE over the next few weeks. We’re in for a white-knuckle ride with sell pressure at DEFCON level! 🐻🔽 But history shows – every rollercoaster has its rise. 🎢 📈
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Let me know in the comments. 🤔
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