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Bitcoin News Alerts | Daily BTC News

958: BITCOIN, ETHEREUM AND ENTIRE CRYPTO MARKET ON BRINK OF EPIC COLLAPSE WARNS EX-BITMEX CEO!!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 15 June 2022

⏱️ 22 minutes

🧾️ Download transcript

Summary

A closely followed crypto capitalist is issuing a warning that Bitcoin (BTC) and Ethereum (ETH) are on the verge of another massive sell-off event despite being down big from their all-time highs. Former BitMEX CEO Arthur Hayes says that he’s keeping a close watch on on-chain data using decentralized finance (DeFi) analytics platform Parsec. If these levels break, $20,000 BTC and 1,000 ETH, we can expect massive sell pressure in the spot markets as dealers hedge themselves. We can also expect that there will be some over-the-counter dealers and that will be unable to hedge properly and might go belly up.“ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

In today's show, the biggest Bitcoin exchange inflows since 2018 puts a potential 20,000

0:04.9

our bottom for the King Crypto at risk. And as crypto analysts, CryptoCAPO shares here,

0:10.0

I really doubt 20,000 and 1,000 will hold for long, referring to the Bitcoin and Ethereum

0:14.3

price action. How long will we go after those levels break? Well, 18,000 is a good high time frame

0:19.6

support. And as Willie Wu points out, all of these

0:21.9

models paint pictures where the lower bound may lie. I think it's simpler than this, in my opinion,

0:27.0

we'll find the bottom when the macro markets stabilize and quoting Qigang Yu from Crypto Quant.

0:32.2

This selling pressure came from Binance and FTX. Bitcoin exchange inflow, coin days destroyed,

0:37.2

indicates old oil deposits. While Binance'sow, coin days destroyed, indicates old oil deposits,

0:38.9

while Binance's inflow coin days destroyed reach a year high before the drop. Also is shared here

0:44.5

by Max Kaiser, Michael Saylor or Michael Strategy, has teen up another $500 million Bitcoin buy at these

0:50.2

levels. These prices are a gift. Michael Strategy has room on the balance sheet to buy another

0:54.9

half a billion dollars in Bitcoin. I'm hearing the board has given Sailor the green light to

0:58.8

back up the truck and buy size. He is chilling on his yacht at present, but we'll make a decision

1:03.7

soon. Also in today's show, Bitcoin miners exchange flow reaches the seven-month high as

1:08.7

Bitcoin price tanks below $21,000. Also in today's show

1:12.5

is the bottom in. Rao Powell and Scaramucci load up and Novograt's weighs in, quoting him here.

1:17.1

Ethereum should hold that around $1,000 and it's $1,000 right now. Bitcoin is around $20,000, and it is $23,000.

1:24.9

So we are much closer to the bottom in crypto than you are, where I think

1:28.3

stocks are going to have another 15 to 20% decline, including macro guru guru Rao Powell with the

1:34.1

weekly RSI at 31 and the lowest ever at 28. That too suggests that the low is within,

1:39.0

striking distance. Don't ever expect to nail the low. However, the Mark Weekly chart suggests

...

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