#Reason #BTCUSDTPERP #LIQUDITY #Accmulation distribution conceptHiii Every one .
Why this happen in Bitcoin ?
i am trying to explain .
we all know higher timeframe dominate all . i made observation .
concept Accmulation distibution , Liquidity , marketmaker chart
how does market maker works when price is droping whales or market maker are start buy because if they dont buy then how order exicuted means if some one is selling other is buying .if this not happen order doesnot exicuted this is basic logic .
btc now in down trend at this that time market maker made there buy position in the chart i highlighted by accmulation vol .
do u see how much squeezed the price by marketmaker at this zone 16 k to 17 k . . because they dont want price to go more lower from this . wright now they start selling or distribution by traping liquidation of short sellers . which cause price to go upward .
I observe same thing in 2019 price chart analysis
mar 9 saturday price queezed and then up and also breaked my white line monthly indicator line go back to see same .
let me know what u are thinking about this move by btc in comment below
Thank u
WHY
Why now? SEC took eight years to authorize a Bitcoin ETF.Eight years in the making, the United States Securities and Exchange Commission’s (SEC) silent approval of a Bitcoin (BTC) exchange-traded fund (ETF) last week elicited a wave of exuberance in the crypto space and sent the price of the key digital currency to a new all-time high. Despite some analysts and industry participants having reservations regarding the nature of the approved product — ProShares Bitcoin Strategy ETF (BITO) and Valkyrie Bitcoin Strategy ETF (BTF) being futures-based rather than tracking Bitcoin’s spot price — the development has been overwhelmingly hailed as a breakthrough moment in crypto history.Ahead of BITO’s momentous launches on the New York Stock Exchange, it had been unclear how much interest the new offerings would attract. On the first day of BITO, trading exceeded even the most optimistic expectations as the new ETF delivered a record-breaking volume. Meanwhile, the price of BTF has fallen slightly during the first day.Excited as the crypto crowd is, the question remains: Why is this happening now?