Why Bitcoin Could Crash Again This Week
https://www.youtube.com/watch?v=PfywZJ3BpkE
Language: en | ASR: large-v3-turbo @ 0a363e9161cbc7ed1431c9597a8ceaf0c4f78fcf

[00:00:00.000 --> 00:00:04.200] Speaker 1: Before I get to the calendar, there's a risk building inside the market itself, and it's
[00:00:04.200 --> 00:00:08.740] Speaker 1: the one to watch over the next 24 to 72 hours. Since this morning's hot inflation report,
[00:00:08.880 --> 00:00:13.400] Speaker 1: traders have been piling back in to push Bitcoin higher, but they're doing it with borrowed
[00:00:13.400 --> 00:00:18.220] Speaker 1: money in the futures market instead of buying actual Bitcoin. More than $1 billion in new
[00:00:18.220 --> 00:00:23.460] Speaker 1: futures bets, roughly 12 ,000 Bitcoin worth, opened up in the hours after the report, while
[00:00:23.460 --> 00:00:30.020] Speaker 1: the price kept sliding from about $83 ,900 to $81 ,700. And traders are still paying a
[00:00:30.020 --> 00:00:35.500] Speaker 1: premium to stay long. That is a fragile kind of market. When too many traders are leading
[00:00:35.500 --> 00:00:39.940] Speaker 1: the exact same way with leverage and price moves against them, their positions get forced
[00:00:39.940 --> 00:00:44.880] Speaker 1: closed. And those forced sales knock the price lower. That sets off the next round of
[00:00:44.880 --> 00:00:49.220] Speaker 1: forced sales. It's the exact same chain reaction that wiped out $800 million this week when
[00:00:49.220 --> 00:00:55.300] Speaker 1: we rejected 87K. And it's exactly how a final flush toward the low $70 ,000 range could
[00:00:55.300 --> 00:00:58.180] Speaker 1: happen fast with no news needed at all.