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Why BTC Is Falling This Week!!
$BTC has dropped 2.14% today and 12.4% this week and people are getting scared, But the reasons are actually pretty simple
• Too many long trades got liquidated, $1.78B worth.
When that happens the market is forced to sell so the price falls even more
• A massive $4.2B options expiry just hit.
Whenever this happens volatility increases and price swings get wild
• U.S. traders are still selling.
Coinbase Premium has been negative for 21 days straight meaning more BTC is leaving than entering
The market is shaken, but opportunities for smart buyers are showing up.