Bitcoin / TetherUSShort
BTC suffers from institutional selling after a breakout
BTC recently enjoyed a breakout above its resistance level with strong momentum before quickly getting hit with a institutional sell trade. This caused BTC to temporarily sell all off nearly 2k in a few minutes. This is not the only sign of weakness in BTC lately.
As institutions and larger players exit a bull rally, retail traders enter out of excitement. This spurs the price to rally a little bit further before finally a reversal takes place and bears take over.
Holding onto BTC and other cryptos is becoming riskier the longer this rally continues. Watch your holdings closely and don't get greedy
- Whale selling has picked up quite a bit lately.
- Many new wallets been created with small amounts of BTC in them (retail trading)
As institutions and larger players exit a bull rally, retail traders enter out of excitement. This spurs the price to rally a little bit further before finally a reversal takes place and bears take over.
Holding onto BTC and other cryptos is becoming riskier the longer this rally continues. Watch your holdings closely and don't get greedy
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