THIS EXCHANGE IS SETTING A TRAP!! FORCING THE PRICE DOWN!

My Financial Friend

Market Update

The current market is experiencing a flush, with exchanges attempting to push down the price of crypto. This was predicted in the previous video.

Key Points

  • Bitcoin has dropped to around $100,000, which is not a concern
  • Exchanges like Binance are transferring crypto to market makers like Wintermute to flush the market and cause liquidations
  • This is a common practice in crypto to flush long positions before big moves
  • Liquidation levels are around $100,500, with 25x longs being liquidated
  • Larger entities like Michael Saylor and governments are buying the dips

Current Situation

  • Bitcoin dominance is increasing, currently at 59.5%
  • Altcoins are down, with some small ones down 20-30%
  • The market is expected to be volatile, with potential for leverage liquidations and price forces

Advice

  • Not a bad time to add to positions, even without leverage
  • Dollar cost averaging can be a good strategy, assuming no drastic downturn
  • Keep an eye on the market and be ready for anything

Additional Resources

  • Check out the Patreon for more details and to ask questions
  • Links to trading platforms are available underneath the video