First-quarter economic conditions. See a record of excitement and greed for Bitcoin. As a result, we have witnessed Crypto’s unprecedented boom in history recently for the first time. These include billionaires, actors, musicians, bankers, and mainstream media numbers, and athletes. So now the flow of the Bitcoin market becomes a bull or bear.
Many people believe that Bitcoin will see price increases over the long term, even though many disagree. This prediction of NFT and the crypto market is a mix of wishful thinking, irrational wealth, or greed. We are clearly in a bear market. The market won’t tolerate or continue to magnify losses from those who jumped too late and didn’t properly manage the risks they took.
The last stage of a bullish market is often fraught with excitement and panic, as it does for all market bubbles. The news of Tesla’s withdrawal of Bitcoin, China cracking down on Bitcoin mining jobs, new regulatory concerns, and Tether’s exposure of its dark past led to a lot of excitement. Unfortunately, the arbitrage crypto market is experiencing a new wave of fear. This breakthrough is surprising to those who are confident in their assets. We witnessed the largest and fastest price drop of Bitcoin in its history, May 2021.
Here Are Some Reasons To be In Bear Market
Before I get into anything, let me tell you how to survive in a bearish Bitcoin market. But, first, I’d like to share a few reasons I believe we are in a bearish market.
1. China Bans Bitcoin
On bitcoin mining practices. The hash rate of Bitcoin mining has fallen dramatically since China banned it.
As of right now, 79% of Bitcoin mining takes place in China. However, less than 2% of Bitcoin miners plan to migrate overseas. So they will all be gone forever. This will leave more offline networks open to manipulating everything to keep them from becoming suspicious.
The loss of the network can take years for miners all over the world to compensate. This will have a negative effect on bitcoin prices in the bear market.
2. Record low institutional demand
One of the most common misconceptions about cryptocurrency is that institutional investors are attracted by buying Bitcoin. Unfortunately, moon Boys and Bitcoin maxi are spreading false rumors to make money.
Gray’s Bitcoin holdings have not changed in several months. This indicates that there is very little institutional demand.
Bitcoin’s downward pressure is unlike any other situation. There are no buyers and sellers. As a result, institutional investors might not recover until Bitcoin reaches levels below $10,000.
3. Heads: Inflow/Outflow of Whales
Since I started trading Bitcoin over a decade ago, I have never seen a bearish indicator. The positions of some of the biggest crypto wallets have significantly reduce. They are aware of what is coming next.
His movement has begun to resent. This is manipulating the market to profit from every transaction. But, they have other reasons for doing this.
4. Tether Stops Adding to Its Stock
It has been warning crypto investors about Tether’s risks in recent months. We are called conspiracy theorists and despised as being anti-encryption. We want to make sure you don’t fall for one of the largest financial frauds in history.
Tether is an unaudited central company that was founded in China by a group whose bad intentions are unknown. This includes manipulating Bitcoin’s price, laundering money, and then disappearing with all the investments.
Tether printers mysteriously went offline in recent weeks. They didn’t even print one dollar. Nevertheless, regulators, media, and senior government officials have begun to express concern about doing.
Even though Tether executives and Bitcoin extremists have been spreading disinformation for years, it is clear that they cannot allow this scam to continue forever.
He even suggested stability. Currency regulation’s main purpose is to stop fraudulent trading. Bitcoin will profit from the loss of Tether. This is the driving force behind the market, something that many people don’t admit to.
5 . Bank Short Bitcoin: Bank of America Bitcoin
Friday’s approval by Bank of America, America’s second-largest bank, was made for futures trading in bitcoin. Unfortunately, many moon boys would love to see the news and label it bullish or bear market. But they cannot do so.
Bitcoin futures give investors short exposure to Bitcoin without the need to own the underlying cryptocurrency. Investors can also speculate on the future value of Bitcoin. Many top banks use it to manipulate the market for gold, silver, and even Bitcoin.
6. Binance finally faces its destiny
Since several months, I have been warning people about Binance. They are more corrupt than any other bank in the world. They are unethical and extort funds from users. I could write a novel about it.
A huge financial scandal has engulfed Binance. As a result, dozens upon dozens of top regulators from around the globe have confirmed that Binance isn’t allowed to operate in their respective countries and warned citizens about the risk.
Binance reminds me of Mount Gox. His fate is certain to be the same, I am sure.
Binance, despite not having a head office or a phone number and a very personal leader, is the world’s largest difference in every cryptocurrency exchange. With more transactions than any other. Mount Gox used to be the world’s largest stock exchange before it went bankrupt.
The market will be in trouble once Binance is out of the scam or is shut down by regulators. This alone can lead to flash crashes of 20-40%.
Conclusion
These five events are indicative of the onset of a bear market. You must be aware of his imminent arrival before they can take your assets. Don’t be afraid to explore all aspects of cryptocurrency.
Users need to track every progress from the market they are headed. Because it is the activity of traders or investors to exploring cryptocurrency. To better understand why Bitcoin prices fluctuate, you can read the following.
