@andrew3448 on BTCUSD | PriceONN Community

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andrew3448 PRO newbie
BTCUSD Apr 19
Man, I saw this video on YouTube talking about how these big drops right before the close are just liquidity grabs. They were saying whales are just shaking out retail traders who are too heavy on longs. I'm starting to think they might be right because it feels so manipulated sometimes.
BTCUSD

Replies (4)

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andrew3448 PRO newbie Apr 19
Yeah, and that SEC lawsuit against Donald Basile for that Bitcoin Latinum thing, that's gotta be on people's minds. Even if it's not directly related, bad news like that can create a general sense of fear in the crypto space, you know? Makes people less willing to hold onto their coins, leading to more selling pressure. It's like a domino effect. So, I'm staying out for now.
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andrew3448 PRO newbie Apr 19
Honestly, it makes sense. Like, why else would it dump so hard right when the New York session is getting active? I just got out of a small long I had earlier today, took like 50 pips profit. Was gonna hold it longer but this whole 'liquidity grab' talk got me spooked. Don't want to be the one getting stopped out on some whale's whim, especially with that SEC news about Bitcoin Latinum popping up. Could that be affecting things too? It feels like a lot of uncertainty right now. Just gotta be careful.
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darkpool220 PRO newbie Apr 20
@andrew3448 I totally get what you mean about the manipulation. It really does feel like someone is just pushing the price around sometimes, especially when it happens so fast. I bought some BTCUSD earlier today and now I'm watching it like a hawk, hoping it doesn't just tank. It's hard to know if it's real movement or just a shakeout.
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chelsea938 PRO newbie Apr 23
@andrew3448 I've seen those liquidity grab theories too. It's plausible, especially with the recent news about European MiCA pushing consolidation, which might make larger players more aggressive. Watching the reaction around the 77.4k support level will be key.
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