Honestly, I don't know what 75x is, I thought 75x meant multiplying it by my margin, turns out it doesn't 🤪, and I thought 900% was profit, like 9 times my margin, turns out that's not it either. Really, trading futures is very confusing
Today #BTC has made history again, and Trump has definitively signed the executive order establishing the Strategic Reserve of #Bitcoin
An order with the following details known:
The Reserve will be capitalized with the #Bitcoin owned by the federal government that has been confiscated as part of criminal or civil asset forfeiture proceedings. This means it will not cost taxpayers a single cent.
It is estimated that the United States government owns around 200,000 bitcoins, although it will be subject to an audit.
The United States will not sell any bitcoin deposited in the Reserve. It will be kept as a store of value.
Premature sales of bitcoins have already cost U.S. taxpayers more than $17 billion in lost value. Now the federal government will have a strategy to maximize the value of its holdings.
The Secretaries of the Treasury and Commerce are authorized to develop budget-neutral strategies to acquire additional bitcoins, as long as such strategies do not have incremental costs for U.S. taxpayers.
But why is it falling then??
Well, there are several reasons, but personally, I think several things are coming together. First, we have a Sell the News event, which has led many investors to liquidate their holdings and take profits after the news.
Then we have the long liquidation, which has surged after the drop, leaving the ground quite clear for new movements.
And finally, we have the FUD being generated AROUND THIS ANNOUNCEMENT, with fears that this reserve will only consist of the confiscated Bitcoins and that no new BTCs will ever be purchased.
However, I want to make an important clarification on this, and that is that it is true that the reserve has been announced with the confiscated funds with the aim of not incurring any cost to taxpayers, but this announcement is very, very positive.
ATTENTION! Crypto, predators and prey: the never-ending cycle, Each new digital asset repeats the same cycle: initial enthusiasm, speculative euphoria, inevitable crash.
$1 billion worth of traders were liquidated in a day with Bitcoin's drop.
Leveraged traders in bullish positions of various cryptocurrencies ended up with losses.
The Bitcoin (BTC) and cryptocurrency market experienced a strong liquidation of leveraged positions in the last 24 hours, reaching a total of $1.4 billion. Of this amount, 97% —equivalent to $1.36 billion—corresponded to long positions, that is, investments betting on the rise of crypto assets. In contrast, short positions totaled about $114 million, according to data from Coinglass.
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#TRUMP l.a demonstration of demonstration that this is possible, I am showing you how it is done starting with $3 USDT now we have $5 USDT, the idea is to show you how in 8 days 3 dollars turn into $20 USDT, now I am applying it with $100 USDT do the math, I continue demonstrating with screenshots of the progress. $BTC