Wednesday, January 31, 2024

Bitcoin Bloodbath: Mass Liquidations in the Crypto Market

Hey, Steve here:


After much hand wringing and speculation, the Federal Government finally gave the green light for bitcoin ETFs recently.


Many "rookie" market participants thought that this would lead to a massive rally. Before the news officially hit, bitcoin would run just on rumors.


Once the ETFs were listed and tradeable, bitcoin took a huge hit.



It was a classic "buy the rumor, sell the news" kind of event.


Now, everyone is scratching their head to figure out why…


But our Trading Roadmap showed how this would play out almost to a T – get the full story right here.


To your success,

Steve Place


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