So, large, is it C cups, or D cups? How lard this cup are?
Ramalepe Kabelo
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WHY ARE BITCOIN AND CRYPTO DUMPING?
IN THE PAST FEW HOURS, BTC IS DOWN OVER 5%, WHILE LARGE CAPS ARE DOWN 8%-10%
THIS HAS NOTHING TO DO WITH THE CRYPTO MARKET AND EVERYTHING TO DO WITH THE US STOCK MARKET.
THE US STOCK MARKET IS DUMPING TODAY, AND IT'S JUST BECAUSE OF ONE APP NAMED "DEEPSEEK."
DEEPSEEK IS A CHINESE AI STARTUP THAT COMPETES WITH CHATGPT.
AS PER SOME ESTIMATES, IT COST < $10M TO DEVELOP, WHICH IS WAY LESS THAN CHATGPT
NOT ONLY THAT, TODAY IT OVERTOOK CHATGPT TO BECOME THE #1 FREE APP ON THE APPLE APP STORE.
AS OF NOW, CHATGPT IS VALUED AT $157 BILLION, WHILE DEEPSEEK IS VALUED AT MERELY 0.2% OF THAT.
THIS HAS CAUSED A MAJOR CONCERN AMONG LARGE US INVESTORS AS THEY'RE THINKING THAT THE US STOCK MIGHT BE TOO OVERVALUED NOW, AND THEY'RE SELLING IT SINCE THE MARKET HAS OPENED.
I PERSONALLY THINK THERE'S NO NEED TO PANIC SELL YOUR CRYPTO AS THERE'S ALWAYS SOME FUD TO SCARE THE MARKET.
Here are three possible explanations for the current market dip: 1. The Uptrend Has Reached Its Peak When investors feel the market has grown too fast or too high, they may begin to cash out their profits. This results in lower buying interest and a natural slowdown as participants retreat to wait for new opportunities at lower prices. 2. Market Correction Market corrections occur when there's excessive trading activity, leading to a recalibration phase. This is a routine process in financial systems, allowing for stabilization and ensuring the market is ready for its next move. 3. Whale Manipulation Large-scale investors, known as "whales," may significantly influence market trends. By accumulating assets during a dip and then suddenly exiting their positions, they create abrupt and sharp declines. This appears to be the most likely cause today, as the downturn was unusually fast and steep, contrasting with the slower, more predictable pace of natural market corrections. Conclusion: While the market was primed for a gradual correction, today’s sharp downturn suggests significant whale activity is the primary culprit. #blue_raven #CryptoNewss