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💥 Why did the price of Bitcoin fall last night? The fall was not due to any problem with Bitcoin itself.
But as a result of macroeconomic reasons (Macro) that affected risk appetite in the markets:
🇯🇵 Expectations of an interest rate hike in Japan and its impact on Carry Trade
👇👇👇
🇨🇳 A new announcement from China is putting pressure on the cryptocurrency market, especially on the stablecoins.
🌙 Weak liquidity during nighttime hours
🔥 Activating stop-loss orders ( and consecutive liquidations have led to a rapid fall.
➡️ Summary:
The fall was a result of global economic factors, not due to any flaws in the fundamentals ).
What do you think?
Do you see this fall as a buying opportunity or a danger signal?
Write your opinion in the comments 👇
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