The bitcoin market is splitting in two. Here's who is buying and selling amid the war
Burns Brief
Six weeks of war have revealed that bitcoin's floor depends entirely on a handful of mandated buyers absorbing what everyone else is trying to get rid of Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch $BTC for reaction — a decisive move above or below key levels will confirm the next trend.
Six weeks of war have revealed that bitcoin's floor depends entirely on a handful of mandated buyers absorbing what everyone else is trying to get rid of.
Key Takeaways
- Six weeks of war have revealed that bitcoin's floor depends entirely on a handful of mandated buyers absorbing what everyone else is trying to get rid of