Everyone attributes the decline in the crypto market to the German government selling Btc, but the facts may not be so.
Bitcoin's falling hours coincide with US market opening times.
The declines deepen with news flows from the USA. While the head of the US central bank made harsh statements in one speech, he took a more positive approach in his speech a week later. Within a week, the entire US market experienced a major change.
In fact, what appears to be nothing more than manipulation originating from the USA.
Open Interest worth 10 billion dollars, built up in 3 months, is deleted within 1 week.
While long positions become liquid, new arrivals also become liquid and the decline deepens as long positions increase.
If the retail investor's long ratio is too high, it would be a dream to expect a turnaround in prices before they reverse.
