Samson Mow reacts to Bitcoin and crypto market freefall
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I often see people asking the question “if everyone is buying and there’s no supply, then why is the price going down?”another $1.5 billion worth of Bitcoin to increase its total holdings to 439,000 BTC. Beyond MicroStrategy, other smaller firms with Bitcoin treasuries, including MARA Holdings, also announced major purchases, effectively depleting the coin’s circulating supply.
Amid this buy-ups, the market has not moved past the $108,000 level; rather, it has failed to maintain support around the $100,000 mark., as it has done over the past six weeks, market traders find a way to rebalance their pricing to its average purchase price. While it remains uncertain if another purchase will be unveiled in the coming week, the market is likely to rebalance ahead of the potential buy-up announcement.
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