🚨 Warning: The exact reason for the sharp decline of $BTC
In just 1 hour, Bitcoin plunged to $65,000.
If you think this is just a simple correction, you are wrong.
Most people (99%) are missing the real reason for this decline.
If you currently hold the following assets, you must read this:
Bonds
Stocks
Dollars
Cryptocurrency
What just happened is as follows:
The main cause is the failure of negotiations related to Iran.
After the agreement to ease tensions in the Middle East fell through, Iran has expanded its attacks on Persian Gulf infrastructure.
This includes the Qatar LNG terminal and Dubai-related facilities.
Additionally, the U.S. 48-hour ultimatum and threats to block the Strait of Hormuz have caused significant panic in the market.
Investors began to move away from risk assets and into safe assets.
Bitcoin initially failed to act as a 'safe asset' and dropped from a weekly high of $76,000 to around $65~67K.
In the past 24 hours, the total liquidation size exceeded $240 million.
In just 1 hour, $30 billion evaporated.
Just imagine. $30 billion.
Institutional investors started selling Bitcoin to meet margin requirements in other markets.
In contrast, gold surged +20% over 48 hours.
The reason is simple:
While the stock and cryptocurrency markets are declining,
especially central banks in Asian and Eastern countries
have expanded gold purchases due to concerns over the freezing of dollar assets and sanctions.
This series of flows signifies the beginning of liquidity contraction and
large-scale investor exits.
The situation appears serious, but
I will continue to provide updates.
A fund movement strategy will also be shared soon.
BTCUSDT (perpetual)
66,366.8
-3.32%$USDC