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⚠️✴️#BTC #crypto #bitcoin
On May 15, $BTC experienced its peak "euphoria" this year after the Clarity Act passed the US Banking Committee, according to Santiment. At the same time, $BTC failed to complete its 200-day period on good news. All this creates the preconditions for a further decline until all short-term traders who jumped on the euphoria are flushed out of the market, experts say.
On May 15, $BTC experienced its peak "euphoria" this year after the Clarity Act passed the US Banking Committee, according to Santiment. At the same time, $BTC failed to complete its 200-day period on good news. All this creates the preconditions for a further decline until all short-term traders who jumped on the euphoria are flushed out of the market, experts say.
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✴️#BTC #crypto #bitcoin
By most known metrics, $BTC has not yet experienced the truly "mass" capitulation necessary for a proper market "cleansing," meaning the potential for further decline remains, some experts note.
Other experts believe that "mass capitulation" in this cycle, similar to past cycles, will not occur because the market structure has changed significantly. There is now additional demand from spot ETFs, corporations, and even governments. Significant regulatory changes are underway worldwide, leading to significant demand from major players as a legal framework for investing in crypto opens up.
By most known metrics, $BTC has not yet experienced the truly "mass" capitulation necessary for a proper market "cleansing," meaning the potential for further decline remains, some experts note.
Other experts believe that "mass capitulation" in this cycle, similar to past cycles, will not occur because the market structure has changed significantly. There is now additional demand from spot ETFs, corporations, and even governments. Significant regulatory changes are underway worldwide, leading to significant demand from major players as a legal framework for investing in crypto opens up.
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