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Topic: How fast can the CEX affect the bitcoin price negatively? - page 2. (Read 248 times)

carlfebz2
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Re: How fast can the CEX affect the bitcoin price negatively?
March 10, 2022, 06:37:02 PM
#2
Quote from: Accardo on March 10, 2022, 06:04:48 PM

Given that bitcoin price have been affected by market sentiments in the past when the press say things like China regulating bitcoin the price drops down and whales buy then later the price pumps back again without any action on bitcoin from China either. So do you think that bad news about bitcoin affects the price of bitcoin? Using the example above if such a news arises about sanctioning the top 5 CEX will the price of bitcoin drop drastically?
No one knows on what would happen next but its impossible for these things to be ignored when we do talk about market sentiments or events that happening around specially if you do see that the news could really

make out some big effects if it connects to economic situation then it would most likely be having that kind of effect but somehow it would not be an assurance for it to happen though but its better
to be watchful so that you could take advantage and able to make such step or action according to your own risk management or analysis.
Accardo
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Re: How fast can the CEX affect the bitcoin price negatively?
March 10, 2022, 06:04:48 PM
#1
Hi everyone, I was having a conversation with a friend on Linkedin and he pointed out some things about the price of bitcoin and the CEX in terms of market sentiments. He provided some statistics about the trading volume of some exchanges starting from the Decentralized exchanges having a total of $4.9bn 24 hours trading volume and Binance a centralized exchange has 4 times the entire 24hours trading volume of DEX with $16.7bn 24 hours trading volume with some other CEX like Okx with $4.7bn 24 hours trading volume.

His point that got me thinking is that if the regulators sanction the top 5 CEX for refusing to ban Russia the price of bitcoin can drop to 30k then down to 8k. Or even if they didn't sanction the CEX that the news about sanctioning them can as well drop the bitcoin price.

Given that bitcoin price have been affected by market sentiments in the past when the press say things like China regulating bitcoin the price drops down and whales buy then later the price pumps back again without any action on bitcoin from China either. So do you think that bad news about bitcoin affects the price of bitcoin? Using the example above if such a news arises about sanctioning the top 5 CEX will the price of bitcoin drop drastically?
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