Bitcoin bull market correction drawdowns

[NikeFit_7777]

Alts Signal is now at the March 2020 level. Some pairs are holding up well, again, there is an overhang on the backdrop of MtGox and the German government.

I'll tell you in confidence that those two factors are mostly news noise. If you understood a little bit about market making and what they should actually be doing, you would have explained this to yourself a long time ago.

Simply, in my opinion, it is the purposeful work of prediction models, which at the moment of transaction purposefully bring the price down lower and wait for the limits to be poured to them.

And the German government will sell their position not at $57500, but already at $55500. 2000$ difference with a lot of 6200 BTC, that's $12.4M, also kind of money.

With MtGox exactly the same situation happened, when the transaction went out, people were not allowed to go that high, but were asked to sell at a 10% discount when BTC hit $53.5k.

Also pay attention to how #SOL is holding, I think the goal there is not to go down to $120 at all. Because all sorts of Pantera Capital and others bought SOL at $100 - $115 on OTC with blocking for several years. And here are opportunities for any participant, in particular, some funds, to buy a voluminous position and, most importantly, a liquid one. And with the fact that we have 2 ETF filings, we have to wait for the black rock to connect, if you know what I mean.

[NikeFit_7777]

In addition to yesterday's talking points, I want to add some more thoughts that come up about prediction models and market maker behavior. So, I just got a notification that SPX500 is back at an all-time high and NVDA is trading above $131.

And I just don't recall when there was such an aggressive divergence between TradFi and Crypto. There was such a thing, yes, but it was over quickly and the market maker leveled it out and put it on one track of either rising or falling.

And given that the cryptocurrency market has become more integrated with TradFi this year because of the ETFs that have been launched, accordingly, it kind of raises questions here.

Just a second opinion that the market maker is in confusion, like for example with the BTC > ATLS operation. And here we have to work in this symbiosis: SPX500 > BTC > ATLS.

This is an example with ALTS analogy, when BTC grows, often everyone is tied to it and also grows when BTC falls - accordingly, most of the market is also bled. That is, all altcoins are tied to BTC.

And who is BTC tied to? It also has a senior fellow, which it is equal to, and now it is just in uncertainty whether SPX500 will grow further, or wait for correction and then start further rally from there. In my opinion, most people are focusing on negative factors such as MtGox, Germany and a number of other less important ones. At the same time not noticing that after halving BTC is statistically in a range, or does not grow, and after the expiration of time smoothly enters the expansion.

Also a number of other news should not be ruled out, yesterday there were moves towards ETFs on both ETH and SOL. CZ is coming out in a couple months, high expectations that they will lower the rate at the next meetings, and others that will pop up in the moment.