🐳 A WHALE JUST BOUGHT $24,000,000 WORTH OF BTC ON BINANCE. | ProximaTrades på Binance Square

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🐳 A WHALE JUST BOUGHT $24,000,000 WORTH OF BTC ON BINANCE.
WHILE YOU WERE SCARED, WHALES BOUGHT THE DIP.

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WHY IS BITCOIN DUMPING? THE REASONS 👇 1) OVER LEVERAGE AFTER BTC BROKE ABOVE ATH, OPEN INTEREST ROSE TO ITS HIGHEST LEVEL SINCE DECEMBER 2024. ALONG WITH THAT, FUNDING RATE WENT INTO OVERHEATED TERRITORY, WHICH MEANS BULLS WERE GETTING OVER CONFIDENT. USUALLY WHENEVER THAT HAPPENS, WHALES DUMP THE PRICES TO LIQUIDATE THOSE GREEDY LONGS. 2) TRUMP TARIFFS TODAY, DONALD TRUMP THREATENED 25% TARIFFS ON APPLE AND 50% TARIFFS ON EU FROM 1ST JUNE. THIS CAUSED STOCK FUTURES DUMP AND BITCOIN FOLLOWED THE SAME. 3) FED STATEMENT FED MEMBER SAID TODAY THAT INTEREST RATES COULD GO UP IF THERE IS A CRISIS OVER US FISCAL STABILITY. WE ALL KNOW THAT FED WON'T RAISE RATES, BUT EVEN THE STATEMENT IS ENOUGH TO SPOOK THE MARKETS.

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🚨BREAKING 🚨 *TRUMP: RECOMMENDING A 50% TARIFF ON THE EU STARTING JUNE 1

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Alts are closer to a massive breakout 🚀 Pray for this line to break so we can get out of this shitcoin poverty.

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Bitcoin’s monthly RSI has broken back above 70, re-entering overbought territory for the first time in months. Historically, in the last two bull cycles, Bitcoin peaked when the RSI reached around 90, we’re not there yet. We are yet to enter Euphoria Phase

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