Why is Bitcoin crashing right now? (Take Advantage of this Temporary Sale!) 🤔📉⬇️🪙
Bitcoin noobs be like: "OMG! Noooooo! Bitcoin is crashing! It's over! Bitcoin is DEAD!!!"
Bitcoin OGs be like: "Yesssss! Bitcoin is on sale right now! Buy! Buy! Buy!"
If you think the Sats are cheap now, Mt Gox is claiming (threatening) to dump another 200,000 BTC on the market.
In this video, I discuss possible explanations for why BTC has been selling off since the launch of the US spot Bitcoin ETFs.
Most of the selling is coming from GBTC liquidations, including forced selling by the FTX bankruptcy estate, as well as investors seeking lower management fees.
There are also rumors of Mt Gox coins being distributed to creditors, which is adding further selling pressure.
This price dip is a welcome break and an opportunity to accumulate more cheap sats before the April 2024 halving.
Not investment advice! Consult a financial advisor.
FTX Sold About $1B of Grayscale's Bitcoin ETF:
https://www.coindesk.com/business/2024/01/22/ftx-sold-about-1b-of-grayscales-bitcoin-etf-explaining-much-of-outflow-sources/
GBTC BTC per share:
https://etfs.grayscale.com/gbtc
ETF flows:
https://twitter.com/BitMEXResearch/status/1749605460754198980/photo/1
https://twitter.com/BitMEXResearch/status/1749604079544730050/photo/1
DCG repays Genesis with GBTC shares:
https://blockworks.co/news/dcg-repays-genesis-loans
Mt Gox distribution coming?
https://twitter.com/Swan/status/1749784387913228673
Keep track of the Bitcoin halving date:
https://bitcoin.clarkmoody.com/dashboard/
Original Video by Bitcoin University: https://www.youtube.com/watch?v=BcfB_ZuEza4
🦁 www.MAGAlionHAT.com 🦁
-------------------------------------------------------------------------------------------------------
Enjoy the content I provide? Please help support this renegade channel with PayPal! 💰
PayPal: MAGAlionHAT@Gmail.com
Or, if you like you can Buy Me A Coffee: https://www.buymeacoffee.com/MAGAlionHAT
Crypto wallet addresses below. If you have a type of Crypto you wish to donate that I don't have a wallet for, email me and I will create one! 🤑
It keeps me afloat while I'm working to produce informative and entertaining videos while finding and providing gems from other creators for you to enjoy! 🤗
Any donation would be GREATLY appreciated! Thank you and God Bless! 🙏
₿itcoin (BTC):
bc1q63xshh2c2u4tvc6jksl5crlhtp554qu0l4nn8j
₿itcoin Cash (BCH):
qqms8t79e6rk5z5djad360d38y9kkqnh7yfpxkkuy5
₿itcoin SV (BSV):
1F6oH8qkMjswViJSwq965gRivE3DqKuJKC
Litecoin (LTC):
LgxrUdjUxnmFGLtsAbh76C3aAm3dXAGDFV
Dogecoin (DOGE):
DGn5bkC9WM1E2oM79HWiYoVxE3rHuEGkoS
Ethereum Classic (ETC):
0xC03AEe5333D50a20810e1A7585D9BB3f77E0B773
Ethereum (ETH):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E
Shiba Inu (SHIB):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E
Chainlink (LINK):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E
Polygon (MATIC):
0x27d5493Ac22D56B68cF36F5f77594BDC8e6FAc5E
Ripple (XRP):
rwvGofsMZQMyqro9YPe7swpo6C6Kagpg2e
VeChain (VET):
0x6410f2e05fEF8169bd1A6935884B9D4D56D9017b
-
3:33
MAGA Lion HAT
3 days agoJoe Biden's (((Jared Bernstein))) vs El Salvador's "Nayib Bukele" on how Money Works
214 -
42:08
Brewzle
20 hours agoBrewzle Bought How Many Bottles of Whiskey In April?!
12.9K1 -
31:14
Science & Futurism with Isaac Arthur
22 hours ago $0.08 earnedDeath Worlds
16.1K3 -
2:37
Hannah Barron
15 hours agoSmall Bull Gets In Our Lap!
21.2K10 -
41:56
Kimberly Guilfoyle
1 day agoFrom the Courtroom to Campus, Left-Wing Corruption Spirals Out of Control, Live with Kash Patel & Eyal Yakoby | Ep. 123
97K134 -
20:51
TheTapeLibrary
1 day ago $0.25 earnedTerrifying Truth About Sleep Paralysis Demons | Who is the Old Hag?
21.3K31 -
9:39
JoBlo Originals
19 hours agoJohnny Dangerously: The Best Michael Keaton Movie You Never Saw!
26.7K35 -
15:52
justintech
20 hours agoThis one issue really bugged me, Until.. - Corsair One i500 (2024) Review
24.1K6 -
1:14:35
Crime Circus
20 hours agoRUDE & CRUDE in Ohio - Shannon's BACK!!! - Vera Jo Reigle - police interrogation
28.7K4 -
12:12
Fascinating Horror
1 day agoThe Byford Dolphin Accident | Fascinating Horror
26.6K4