🤑🩸BEARISH:
BlackRock deposited 7,048
$BTC worth $516 million into Coinbase Prime today, marking the largest net outflow of BTC in a single day ever recorded.
🤑URGENT: 🇺🇸 THE WORLD'S LARGEST DERIVATIVE EXCHANGE, CME GROUP, IS LAUNCHING 24/7 #BITCOIN FUTURES TRADING STARTING TODAY
INSTITUTIONS TRADED $3,000,000,000,000 IN BTC FUTURES VALUE ON CME LAST YEAR ALONE
BTC IS HEADING MAINSTREAM 🚀
#BTC > NEXT LOW IN JUNE
It could be a lower low or a higher low
Here’s why:
1 - Historically, every time the price hits the 200-day SMA in odd years, it then drops 30% by June and sets a new low by mid-June.
Currently, the price has been rejected by the 200-day SMA and has already started to decline (following the same pattern as in 2018 and 2022).
2 - On June 17, we have a Fed meeting with new chair Kevin Warsh, who is much more bearish than bullish.
Why? Uncertainty. The markets don’t know what he plans to do, and there will definitely be no rate cut.
3 - Even more importantly, on June 14-15, the next monetary policy meeting of the Bank of Japan (BOJ) will take place, and they want to raise rates. If they do this, the market will crash (historically).
4 - SpaceX, OpenAI, and other IPOs: right now it’s IPO season, and money will definitely flow into those IPOs, giving less interest to cryptocurrencies, especially Bitcoin.
So, get ready to have some cash to buy some BTC in June
#gobierno #ballenas #Inversiones #TrendingTopic