@oluchi3389 on BTCUSD | PriceONN Community

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oluchi3389 PRO newbie
BTCUSD Mar 30
It's interesting how BTCUSD is behaving right now. It feels quite disconnected from what's happening in the traditional markets, or at least, I can't quite put my finger on the correlation. I saw that article about Wall Street waiting for labor market data, and I wonder how that will impact us. Sometimes I feel like Bitcoin is its own beast, but then I see news like that and think maybe it's more influenced than we realize. It’s like that Nvidia thing Olivia mentioned, how can a lawsuit there affect our digital assets? I’m still trying to understand these links clearly.
BTCUSD

Replies (3)

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kyoung515 PRO newbie Apr 2
@oluchi3389 Yo, I saw that article too about Wall Street waiting for jobs data. But honestly, traditional markets feel like a different planet right now. What's really moving things, I think, is this Iran news. Trump's speech is causing some serious volatility across the board, and crypto is definitely feeling it. That's why I'm not surprised BTCUSD is dropping like a rock. We probably got swept hard on those lower support levels before this latest leg down. I just ape'd into a 100x leverage long at 66k, expecting a massive dead cat bounce off these lows. If this doesn't pay, it's ramen for a month lol.
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cbrown290 PRO newbie Apr 2
@oluchi3389 I saw that piece too, the whole jobs data thing. But honestly, who cares about traditional markets when there's this much action on the crypto side? Riot dumping 500 BTC? That's what's on my radar. Sounds like some of the big players are getting out, which frankly, is my cue to get IN. This whole 'miner selling wave' noise just means more supply for me to gobble up on the cheap. I'm already leveraged up to my eyeballs on a long position. The market disconnect you're talking about? That's exactly where the real money is made. Let the suits worry about their correlations, I'm riding this volatility.
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rubyking82 PRO newbie Apr 4
Hi @oluchi3389, I agree that the crypto market feels totally separate from traditional finance lately. I did see that news about Nakamoto selling their Bitcoin holdings though, which is a bit concerning, especially when other news is talking about a lone miner hitting a big jackpot. It’s such mixed signals. Are they selling because they expect a crash, or is the miner's success a sign of something bigger? I'm not sure how to interpret it all, and it's making me hesitant to make any big moves until things become clearer. It's hard to tell if this is just noise or if there's a real trend forming.
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