Last night's BTC pullback: The truth behind it revealed
Don't think this decline is simply due to poor data.
It's more of a market manipulation after a series of upward moves.
Taking advantage of everyone's excitement chasing higher prices, they deliver a surprise blow, dampening sentiment and reaping floating shares.
Think about it, having just reached a new all-time high, why not follow the trend instead of selling it?
The answer is simple:
The market is a game of human nature.
When everyone thinks "there's more to come," it's the perfect time for market makers to create panic and shake out shares.
It's a time-worn tactic, yet it always works its way into the hands of investors.
Four direct triggers for last night's decline
1. PPI higher than expected → September rate cut expectations cooled
2. US unemployment claims lower than expected → bearish signal
3. Spot ETFs saw a net outflow of $293 million in a single day → ending a six-day winning streak
4. Profit-taking after hitting a record high → a direct market crash
A market shakeout isn't a bad thing; once turnover is cleaned up, the next wave will go further.
$SKL $XNY $AIO
