Today Bitcoin is showing a huge trend of dumping.
According to analysis, every candle on the chart is showing deep and deeper.
What do you think about that dump...?
There are 300000 accounts of crypto traders that have been liquidated due to this dump and this is almost 1 Billion dollars of liquidation has occurred.
Only exchanges are in the profit and every trader is in a panic situation.
Well if you are into the crypto space those are the sort of things an investors and a trader have to be expecting on daily basis because that is one of the characteristics of cryptocurrency and sometimes ago it was even predicted that the price of bitcoins maybe also $100,000 before the end of the year but in most cases this $100,000 prediction that was being predicted by an expert may not to come to reality . That is just the unpredictable nature of cryptocurrency and how it work.
Best of my observation one of the most popular reason behind why most cryptocurrencies are going down especially bitcoins is because of the news that is coming out which effect bitcoin's negatively and because of this more people are likely to sell cryptocurrency because of the news that is circulating around the mouth.
Because of the fear of uncertainty a lot of people might just be afraid that bitcoins or the overall cryptocurrency may collapses and as a result of this they are likely to convert all their money to the usdt . As an investors whatever is happening here may not really concern you in most cases since you are investing for long-term purposes .
