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Topic: What is just happened on the Bitcoin Market? - page 3. (Read 572 times)

legendary
Activity: 3052
Merit: 1188
People should realize this on which it cant be called a market if it would really be just having a single path or movement to take but there are really those people who are really expecting that it would really be just simply moving up and they would make money so easily. Well, only newbies or those new people would really be just having that kind of belief into their minds until that reality would be slapping out into their faces.
We do know that this market is really that unpredictable, i do agree into those points been said that manipulation is something that evident or pretty obvious. Market could dump out on -10% or even -20% in a flash
on which it is neither been caused by some FUD or really just totally having no reason at all.

This is why on the time that those flash dumps happen then tons of people would be shaken off and making those panic selling into their current positions which it do leads into that
buy high sell low thing and this is where it would be resulting into negative and when it comes worst then they have that blown out trading account or investment.
Be realistic and be wary on how this market behaves or moves so that you wont really be getting shocked on the time you do encounter it.
Unfortunately there are market movements at times when it's really not that great, and I understand that and it's sad but the reality that we are living in, nothing we can change about that. I understand the whole point is to make sure that we are doing our very best, but we just have to realize that market sometimes does stuff that you can't prevent and you just need to endure it.

If you can endure years and years, even decade long these crazy movements without selling or losing all your money, and just hold long term then you could make the most amount of money you could make from any investment ever. I personally believe that it is not going to be all that easy, but if we could make it work, then we should be feeling fine about it.
hero member
Activity: 1386
Merit: 513
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Bitcoin was around $45K to $45.5K for the whole day, but it started going down for the last two hours. Bitcoin just touched $40.7K, and now it's around $42K again. I was trying to figure out what had just happened. Bitcoin lost $3K in two hours and alts are now bleeding. There are several negative news just popped up and some of them are

Which one could be reason of such movement?
It really was a fast change in the price movements, and the correction was also swift in BTC but alts are still bleeding, the scene was just awesome as all of my whitelisted tokens were changing numbers like a spinner  Tongue even if I was at a loss I tried to book in lose in the hope of taking entries in tokens that could give me more returns but was unable to do so as the market was so quick that it did not give me enough time to think and make some decision and then act upon it.

Maybe the market was not that fast but I might be late too. In my opinion, the main reason is just fud being created by this matrixport, because even if the ETFs got rejected BTC still has enough potential to make a new all-time high without any problem. But it will dishearten and dash the hopes of everyone. Many newbies have invested in cryptocurrency and wanted to make a profit in the bull run but they are not used to such fud and FOMOs.

So they might be afraid of the current situation and might be thinking that BTC will never make it to ATH, for them I have one suggestion that, trust BTC and its potential it is beyond the ETFs.
legendary
Activity: 2814
Merit: 1192
This is an obvious attempt at market manipulation for their benefit. Here is what the Matrixport scam posted yesterday:

* Bitcoin Spot ETF approval imminent, BTC to jump to $50,000


Well, at least now if bitcoin ETF gets approved they'll be able to say "we've told you so" and if it doesn't they'll do the same. Tongue

Most likely they have multiple authors and don't verify what these authors write. First they published a report by 1 researcher who was positive and then another by someone who was negative. They should really pay attention to what is posted on their site because it makes the company look unprofessional when they can't even work out a general attitude towards a subject.

full member
Activity: 1008
Merit: 139
★Bitvest.io★ Play Plinko or Invest!
Bitcoin was around $45K to $45.5K for the whole day, but it started going down for the last two hours. Bitcoin just touched $40.7K, and now it's around $42K again. I was trying to figure out what had just happened. Bitcoin lost $3K in two hours and alts are now bleeding. There are several negative news just popped up and some of them are

* SEC will REJECT Bitcoin Spot ETFs Again Says Matrixport Report
* Miners Unload BTC to Exchanges
* Matrixport Predicts Bitcoin Price Dip To $36k Amid SEC’s Potential Rejection Of BTC Spot ETF

Which one could be reason of such movement?

This is an obvious attempt at market manipulation for their benefit. Here is what the Matrixport scam posted yesterday:

* Bitcoin Spot ETF approval imminent, BTC to jump to $50,000
hero member
Activity: 2268
Merit: 669
Bitcoin Casino Est. 2013
Just hold, halving will occur in some months.


There are lots of people who are already holding their bitcoin because as you have said that bitcoin halving is going to happen soon. I don't think it's going to be long term because it happened because of some reason like the spot etf. As the others and also you have said "just hold" and "just buy" would be a good choice to make in this current situation. Even in the future, there's always a price drop and price increase. Even the price increase where it suddenly reach it's new all time high price which for me is unexpected.
legendary
Activity: 2814
Merit: 1192
This is the reason for the dump.

No, that's not the reason. The reason is too many levered longs.

That Matrix report is a joke and some guys from Bloomberg have already addressed it saying that there's no negative info coming from the SEC. In fac the whole article was speculation with no proof. I've seen a tweet by ETF market analyst at Bloomberg who asked the author to show any proof that there's going to be a rejection because they've contacted the SEC today and got the answer that they're still reviewing everything and there's been no decision.

Another thing I'd like to add is that it was nothing when you compare it to the normal bull market corrections. In 2017 there was a number of 20% corrections on the way from 1k to 20k and this was close to 10%. It's like a tease when compared to what's coming because corrections are coming if we are to break 100k this year.
legendary
Activity: 1918
Merit: 3047
LE ☮︎ Halving es la purga
The answer is always there regardless of the effect of immediacy given recent times;  "The news of...", obviously the comments about the ETFs, bring flavor, but they are short-lived, where are we after a year, January 2023 the minimum price +$16k.

So, don't worry, just hold or buy is easy, and for more, look at the history.
sr. member
Activity: 490
Merit: 325
Bitcoin was around $45K to $45.5K for the whole day, but it started going down for the last two hours. Bitcoin just touched $40.7K, and now it's around $42K again. I was trying to figure out what had just happened. Bitcoin lost $3K in two hours and alts are now bleeding. There are several negative news just popped up and some of them are
Which one could be reason of such movement?

Immediately I saw that bitcoin crash, the first thing that came to my mind was "seems they rejected ETF". I went to Watcher Guru for update and I didn't see anything, I went to cointelehraph, I didn't see any credible news that report a credible news about the crash, even the speculated one they said miners deposits in the exchange wasn't comprehensive enough because I couldn't find the attached transaction evidence or any analytical report a pit the bitcoin movements from their wallet to exchange, there is more to what we don't know and I'm very sure it's about ETF, something is really faltering somewhere.

SEC knows that if they approved this ETF, it's a going to give them good run for investors money and it will look like a manipulative market which I think SEC will not allow shorter to be liquidated. What I think they are going to do is that they will watch the market for now and approve when they think it's right and for the miners, I don't think ttey will be selling their bags right now, they understand this game of markets way better than anyone including the institutional investors.
hero member
Activity: 1414
Merit: 670
Bitcoin was around $45K to $45.5K for the whole day, but it started going down for the last two hours. Bitcoin just touched $40.7K, and now it's around $42K again. I was trying to figure out what had just happened. Bitcoin lost $3K in two hours and alts are now bleeding. There are several negative news just popped up and some of them are

* SEC will REJECT Bitcoin Spot ETFs Again Says Matrixport Report
* Miners Unload BTC to Exchanges
* Matrixport Predicts Bitcoin Price Dip To $36k Amid SEC’s Potential Rejection Of BTC Spot ETF

Which one could be reason of such movement?
I think there is could be only one reason for such a movement, which is Bitcoin Spot ETF approval. Despite this, there are totally just a rumors that on January 2 January will be approval of Bitcoin Spot ETF which rose so much because of the tweet of Galaxy CEO and Bitcoin Spot ETF applicant, which created a suspense to spread the fud among the people that Big things are coming in the new year which can also be seen in the tweet, and after that people got excited and started Buying. At the end whales overturned the market and grabbed the remaining raw Bitcoins. This is always a trick of Wales that spreads some fake news in the market and creats some panic to collect the remaining Bitcoin. And I knew this rise was a trap of the market manipulator, they spread some fake news, Bitcoin did a correction, and suddenly the manipulator brought a dump.
hero member
Activity: 770
Merit: 538
Leading Crypto Sports Betting & Casino Platform
What is just happened on the Bitcoin Market?

Be it as it may, what happened is that there was a price drop, and it could have been caused by the few updates on the OP or could also be for just some reason that has not yet been accurately laid out. You are no longer new to the space, so you should know better by now. During the month of August last year, Bitcoin went from $30k+ to $26k, and the price drop was quite questionable, but the price swing of Bitcoin is not something that is new for a Bitcoiner unless you are a newbie. Anytime the price of Bitcoin drops, it's an opportunity to buy more, so, buy more and hold.
legendary
Activity: 3010
Merit: 1280
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Which one could be reason of such movement?

People are taking profit...   That is one of the reasons why the price of BTC went down to $40.7k from $45k and people saw that Bitcoin price gets cheaper so many bought it pushing it towards $42k again.  This kind of market movement is not new in the Bitcoin market, this is the reason why Bitcoin is labeled highly volatile because the price highly fluctuates.

I do not think the news about the opinion of Matrixport about ETF rejection is one of the reasons.  I do not think traders and investors will fall to this statement by Matrixport.
full member
Activity: 742
Merit: 157
As the spot ETF approval time approaches, there is a lot of excitement in the market. Any rumor can cause the market to go down. I myself have seen the market most of the time in a day where the market condition was good but suddenly in just 1 hour everything is red. At first I couldn't believe, anyway now everyone should be aware. There is likely to be more drama with ETFs. If the time increases, then you have to wait for a few more days. But as much as we will wait for the ETF, the time of Halving will be more closer. But in such a situation we should be a little calmer without taking immediate decisions. Different whalers will make different types of games with the market. So nothing to do but be careful.
hero member
Activity: 966
Merit: 588
Aside from all this rumours If you had checked the Chart, technically Bitcoin was due for a major correction or cool off after we claimed the zone of 45k, not only that, there are other possible reasons too, today when I checked on the DXY chart I noticed that the price has hit an ultimate level of support and got a bounce, DXY have always had a negative correlation with Bitcoin , lastly the rumors that the Bitcoin spot ETFs may not get approved this January.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
Bitcoin was around $45K to $45.5K for the whole day, but it started going down for the last two hours. Bitcoin just touched $40.7K, and now it's around $42K again. I was trying to figure out what had just happened. Bitcoin lost $3K in two hours and alts are now bleeding. There are several negative news just popped up and some of them are

* SEC will REJECT Bitcoin Spot ETFs Again Says Matrixport Report
* Miners Unload BTC to Exchanges
* Matrixport Predicts Bitcoin Price Dip To $36k Amid SEC’s Potential Rejection Of BTC Spot ETF

Which one could be reason of such movement?
Well, possibly all of those news are responsible for the sharp decline in the price of bitcoin, but then, though this speculations could indeed trigger some people to want to dump their bitcoin early so they could buy it back cheaper when the SEC finally rejects or fail to approve bitcoin spot ETF on the 10th of January, I personally will still suggest we hold as still could as well be a manipulation to enable them buy bitcoin at a cheaper rates before the spot ETF finally gets approved on the 10th.

But then again, even if they are right, that the ETF fails to get approved, most likely the price of bitcoin would drop, this is not bad as it is still another opportunity given us to accumulate even more bitcoins in anticipation for the coming halving, and as well the ETF approval, for it must be surely approved within this year.
hero member
Activity: 2506
Merit: 645
Eloncoin.org - Mars, here we come!
Bitcoin was around $45K to $45.5K for the whole day, but it started going down for the last two hours. Bitcoin just touched $40.7K, and now it's around $42K again. I was trying to figure out what had just happened. Bitcoin lost $3K in two hours and alts are now bleeding. There are several negative news just popped up and some of them are

* SEC will REJECT Bitcoin Spot ETFs Again Says Matrixport Report
* Miners Unload BTC to Exchanges
* Matrixport Predicts Bitcoin Price Dip To $36k Amid SEC’s Potential Rejection Of BTC Spot ETF

Which one could be reason of such movement?


​Of course, Bitcoin was in the best position,and was trading above $45k for many hours, and it didn't look like Bitcoin could suddenly fall like this. the cryptocurrency market is always heavily influenced by news, which often causes the market to crash in the same way. the account from which this news is reported is not a very famous account. there are a lot of media sources that are saying that no, nothing like that is going to happen.

There is no specific source for this account and many people may not even know about it in, but because of this news, people panicked. however, in crypto it is always people like this who create panic. we don't know who is right now, but bad news always spreads very quickly, which is why the price of Bitcoin suddenly dropped from $45k to $40.7.if this news is true then there are chances of bitcoin to fall to $36k otherwise bitcoin may go back to 45k soon.
legendary
Activity: 4410
Merit: 4766
matrix report mentions that the etf applicants wont meet the SEC criteria. but matrixreport makes no suggestions of the SEC criteria and how it assumes the applicants are not meeting the criteria

from what i can see the SEC has been in full talks with applicants to tell them directly of the criteria needed and the applicants had until dec 29th to meet the criteria and file an update to show all criteria met.
ready for the begining of announcements to start from jan 10th
even suggestions that if the applicant was not ready to meet criteria there was no point of filing updates at the end of december as the SEC would be busy reviewing the ones that do meet the criteria that did file correctly

so in my view by them filing updates at the end of december the applicants feel they have met all of SEC's needs

if the SEC denies now then the SEC did not fully communicate its needs/criteria. which is a failure on SEC's part

i will say however that i do not believe all dozen applicants will get approved at same time. but there are some notable ones that show good confidence of meeting SEC needs as of end of december
legendary
Activity: 2072
Merit: 4265
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I don't think it was in this forum; maybe it was somewhere else, but I said yesterday that this price we are seeing is just temporary. I don't see bitcoin reaching that $45k that early in 2024; it was a surprise move, which can happen.

The thing is Matrixport already predicted that Bitcoin may drop and will touch the 36K range. The rumor of ETF rejection manipulated the entire market just in two hours. All we doing at this moment is speculation and prediction. Did the SEC reject the ETF proposals yet? Nobody knows. However, some media and social media influencers spread negativity which led to this movement.

As tranthidung pointed out below, it is not the first time ETF was proposed and it's not the first time it was rejected (even though the news of the rejection is not sure yet). But since everyone expecting ETF approval this year, people have high expectations of ETF approvals. If it gets rejected, we may see another dump. The question is, how long it may take to bounce back with the halving event coming in few months?

It is noteworthy that just yesterday they predicted something completely different.
https://www.matrixport.com/institutions/research/daily-insights/811
Looks a lot like manipulation.
hero member
Activity: 3010
Merit: 794
Isn't that normal? you can't expect Bitcoin price will keep increase despite bull run will happen, so small drop is fine, until Bitcoin price keep decrease everyday.

The reason miners send BTC to exchanges doesn't make sense, big amounts transfer is happen for many times, you can check it here https://t.me/s/whale_alert_io

As for Matrixport's article, they could be right or could be wrong, but it's crazy people are gambling in Bitcoin ETFs by put $10 Billion in futures.
People should realize this on which it cant be called a market if it would really be just having a single path or movement to take but there are really those people who are really expecting that it would really be just simply moving up and they would make money so easily. Well, only newbies or those new people would really be just having that kind of belief into their minds until that reality would be slapping out into their faces.
We do know that this market is really that unpredictable, i do agree into those points been said that manipulation is something that evident or pretty obvious. Market could dump out on -10% or even -20% in a flash
on which it is neither been caused by some FUD or really just totally having no reason at all.

This is why on the time that those flash dumps happen then tons of people would be shaken off and making those panic selling into their current positions which it do leads into that
buy high sell low thing and this is where it would be resulting into negative and when it comes worst then they have that blown out trading account or investment.
Be realistic and be wary on how this market behaves or moves so that you wont really be getting shocked on the time you do encounter it.
sr. member
Activity: 1708
Merit: 295
https://bitlist.co
Reacting to news Smiley ,
yep it's really typical in the crypto market, I took a look and noticed some news about predictions that have affected the price, looking at it from a positive perspective it's still valid proves that this market is still very small in scale and susceptible to price manipulation. I believe that in the coming days, news surrounding ETFs will continue to bring about a volatile atmosphere. Looking back, after the recent news, everything is returning to normal as if nothing had happened some of the liquidation statistics on CEX make me quite laughable.
hero member
Activity: 2660
Merit: 651
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Which one could be reason of such movement?
I believe the major reason behind the dump in the price of the market is the miners that unload BTC to exchange which is literally to sell it and this is not the first time they will do it. Besides, they did the same thing in 2016 and 2020 but one thing is sure when the dump happened some people took advantage of it. However, it is sad that in the last 4hours, $540,000,000 was liquidated from the crypto market.
About the Bitcoin spot ETF, I don't strongly believe in the rejected news because the powerful organization always brainwashes people through false news to manipulate the market and buy cheap.
I just hope you guys understand that the crypto community is now dealing with the most powerful investment companies in the world and we should not pay attention to false news like we used to or else we end up selling our bag to BlackRock, Fidelity, Galaxy, Invesco, and others.
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