There was a temporary dip in the market caused by whale games (in my opinion). Sure, the inflation data released in the US wasn't the best, and showed rising inflation, raising fears of a halt in the expected rate cuts. That probably caused a little selling off in the markets.

Bitcoin, however, shouldn't care about that stuff at this point. That's why I think the whales used the relatively bad news to hit all the 100x leverage orders on the books, causing liquidations and whatnot.

The dip was very quickly bought back, of course, leading to the typical V-shaped recovery we've been seeing regularly for the past few weeks now. I can't believe anyone is bearish at the moment but there are bears about. Some of the upward spikes on the BTC chart are also liquidations, but of bears. Someone said the bears and their 100x shorts are going to drive the price of BTC over $100k even before the halving. I can believe it.

Meanwhile there is a scary sell signal that occurred which I mentioned in the video 😂

Peace & Love,

Adé