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WA7CRYPTO
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Gold at $1 million = $6.75 quadrillion mcap
Bitcoin at $1 million = $21 trillion mcap
Peter is a professional economist…
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$BTC $ETH $BNB Bitcoin always, if it rises, reaches a certain area and fails, always returns to the areas where it first started. This means that we may see Bitcoin today between 106,800 and 109,500. Currently, Bitcoin failed to penetrate the resistance area, which was 111,800, and began to decline. I believe that we have very important news during this week, which may be the reason until this moment.
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Just one company, Amazon, took down half the internet today! From a technical perspective, the glitch is pretty simple—just a DNS issue. It seems that large companies either find it difficult to learn, or difficult to change, or perhaps no one meets their needs like Amazon. What's strange? The exact same glitch occurred in October 2016... And nine years later, in the same month, the scene is repeated!
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An Amazon AWS server outage has caused many services and websites to go down. This is centralization itself. A single company relies on approximately 25% of websites and services on the internet. If you log into a website or service and see it's down, the problem isn't yours. The problem is with them at the moment.
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Bitcoin investors through stocks lost $17 billion, and new stock investors paid an additional $20 billion for exposure to Bitcoin. A Bloomberg report was published about a week after I talked about the companies buying assets (Bitcoin | Ethereum) in exchange for selling shares, explaining this failed system and its dangers. The report stated that the collapse of these companies' shares caused a loss of $17 billion because they bought shares at prices higher than their intrinsic value due to their correlation to Bitcoin. They expected these shares to continue rising, and they wanted to invest in the asset indirectly. Ultimately, the companies hold onto the asset, and those who bought the shares hold onto something else. Side note: Refer to Michael Saylor's Strategy account and see the size of the company's recent Bitcoin purchases. You'll notice a decline in the volume of purchases recently.
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🆕 OG Bitcoin increased his short position on BTC with 10x leverage to $120,000,000+. Entry point: $109,762. Liquidation price: $135,320. BTC wallet: Hyperliquid (Here he's shorting) ETH wallet: Hyperliquid
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