The Wolf Of All Streets
Pain continues, BTC largest 3-day slide since FTX | Crypto Town Hall
Feb 27, 2025
Joe, an expert in altcoins, dives deep into the current turmoil of the cryptocurrency market, highlighting Bitcoin's largest three-day drop since FTX. He unpacks the implications of recent Bitcoin ETF outflows and discusses the resilience of Bitcoin amidst market fluctuations. The conversation touches on the perils of high-leverage trading, regulatory pressures, and the need for strategic reassessment in this changing economy. Joe balances caution with optimism, exploring potential opportunities in altcoin sentiment.
44:22
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Quick takeaways
- Bitcoin has experienced its largest three-day decline since the FTX incident, prompting forecasts of potential further price drops to $74,000.
- Amid market turbulence, the disconnect between spot ETFs and futures trading leads to significant selling pressure and heightened outflows from Bitcoin investments.
Deep dives
Historic Bitcoin Price Movements
The price of Bitcoin has recently experienced significant downward movement, marking the largest three-day price slide since the FTX collapse, with current trading around $85,300. Notably, a shocking $2 billion in outflows from Bitcoin spot ETFs occurred, coinciding with minimal support levels identified in the charts, leading to forecasts of potential further declines to around $74,000. The drop in prices has also heavily impacted altcoins, such as Solana, which has seen a dramatic fall from an all-time high of nearly $300 to $137 within weeks. This trend illustrates that even in a typically bullish environment, Bitcoin remains volatile, with investors becoming desensitized to price fluctuations over time.
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