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30.05.2022 01:02 PM
Is everything so bad with Bitcoin?

May was one of the hardest months in the crypto industry, and several events contributed to this. The bearish trend is in full swing, what could be worse than this? That's right, the collapse of one of the largest projects in the industry. The collapse of the UST algorithmic stablecoin and the LUNA token was a real shock to the market. In a matter of days, one of the largest dollar stablecoins with a capitalization of more than $ 16 billion in vain depreciated, as did the LUNA token, which lost 99.99% of its value.

The cause and consequences of the collapse lie in several suspicious transactions, where experts suggest that this was a coordinated attack on the project tokens.To support the value of the UST stablecoin, the project began to sell off its reserves, which is about 80 thousand BTC, creating additional pressure on the market.As a result, it was not possible to save the tokens, and the Terra project decided to create a new Terra 2.0 network, partially paying off losses to investors with new tokens.

This story clearly showed the market how fragile the cryptocurrency is and where to be careful when investing in it.

Despite all the events, the head of MicroStrategy, Michael Saylor, said in an interview with Fox News: "Bitcoin remains an asset free from government and corporate interference, instilling confidence in this uncertain world."

According to the head of Saylor, financial markets are in a bearish trend, but this will not stop him and the company from further investing in BTC.

Let me remind you that MicroStrategy holds 129,218 BTC on its balance sheet - almost $ 4 billion.

Major players, including institutional investors, continue to be interested in digital assets. The CFTC report demonstrates the growth of long positions on Bitcoin futures on CME. This indicates that the market situation is gradually stabilizing after a prolonged decline.

At the same time, ARK Invest founder Cathie Wood said that the growing correlation between cryptocurrency and traditional assets indicates that the bear market will end soon.

"Cryptocurrency is a new asset class, it should not be similar to Nasdaq, but similar. Now they are strongly interconnected. You know that you are in a bear market and are close to its end when everything will start behaving the same way, and we are witnessing the capitulation of one market after another," she said.

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What happens on the Bitcoin trading chart?

Bitcoin has been declining in value for 9 weeks in a row - this is one of the longest declines in the history of cryptocurrency. Panic prevailed in the market, thereby reinforcing the bearish trend. As a result, a clear flat of $ 28,000 / $ 31,500 appeared on the BTC chart, within the boundaries of which the quote closed.

At the moment, traders are analyzing the boundaries of the flat with special attention, since holding the price beyond the aisles of a particular frame will indicate the subsequent price move. This strategy is considered to be the most optimal and in the future can bring not a small profit.

At the same time, the 9-week decline indicates that short positions on BTC are overheated, which may provoke buyers to change direction. This movement will lead to a correction of the downward trend.

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The index of emotions (aka fear and euphoria) of the crypto market moves within the critical level of 10 throughout May. This indicates a high degree of fear among traders. Such prolonged pessimism may eventually lead to a correction in the market.

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Gven Podolsky,
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تجویز کردہ مضامین

کرپٹو سرمایہ کار اب بھی امید پرستی سے مغلوب ہیں

جاری تصحیح کے باوجود، کرپٹو اثاثوں کو خریدنے کی طرف سرمایہ کاروں کا جذبہ مثبت رہتا ہے، جیسا کہ نام نہاد خوف اور لالچ انڈیکس سے ظاہر ہوتا ہے،

Jurij Tolin 16:38 2025-05-30 UTC+2

مئی 29 (شمالی امریکی سیشن) کے لیے کرپٹو مارکیٹ پر تجارتی تجاویز

بٹ کوائن نے کافی مضبوط واپسی کی ہے، $108,000 کے نشان سے اوپر چڑھ کر $109,000 کو توڑ دیا۔ نیچے دیا گیا چارٹ $108,100 کی سطح کے ذریعے

Miroslaw Bawulski 20:05 2025-05-29 UTC+2

بٹ کوائن نے $109,000 تک بہتری کی ہے

بٹ کوائن آج تیزی سے $109,000 کی سطح پر پہنچ گیا۔ یہ تیز رفتار اضافہ، خاص طور پر کل کے 106,600 ڈالر تک گرنے کے بعد،

Jakub Novak 19:29 2025-05-29 UTC+2

بٹ کوائن اور ایتھریم تیزی کی رفتار کو برقرار رکھتے ہیں۔

ایک مختصر وقفے کے باوجود، بٹ کوائن اور ایتھریم اپنی اوپر کی حرکت کے ساتھ ختم ہوتے دکھائی نہیں دیتے۔ جبکہ آج کے ایشیائی تجارتی سیشن کے دوران بٹ کوائن

Jakub Novak 17:03 2025-05-27 UTC+2

یہ کہ 27 مئی کو کرپٹو کرنسی مارکیٹ کے لیے تجارتی تجاویز

بٹ کوائن اور ایتھر کی مانگ اس ہفتے کے اوائل میں جاری ہے۔ بٹ کوائن $109,000 کے نشان سے اوپر رہتا ہے، جبکہ ایتھریم $2,600 سے اوپر کو مستحکم کرنے

Miroslaw Bawulski 16:22 2025-05-27 UTC+2

مئی 27 2025 کو بی ٹی سی تجزیہ

بی ٹی سی / یو ایس ڈی کی قدر میں گزشتہ سات ہفتوں کے دوران نمایاں اضافہ ہوا ہے، مانگ میں مسلسل اور مسلسل اضافہ ہو رہا ہے۔

Chin Zhao 16:12 2025-05-27 UTC+2
ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.
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