BitcoinUpdated ETF total destruction scenario. Nuclear for $BTC and crypto
Are ETF investors ready for crypto?
The recent pullback has seen BlackRock and Fidelity purchasing a lot ofBTC even though they don't really need it.
Most of their ETF investors are currently losing money, and the stock market is parabolic.
I think we don’t realize how dire the situation is. What we are seeing is the bulls trying to prevent an ETF run from crypto to the stock market!
Billions are being spent to avoid a 50% pullback, which would be necessary forBTC to consolidate. Can ETF investors stomach a -50% drop in their investment while the SPX500 is parabolic?
Now, imagine what would happen ifBTC dumped -50% and ETF holders capitulated and sold everything in panic.
That would nuke theBTC ETF, destroy the ETH ETF, and cancel the 
SOL ETF. Essentially, the banking industry would conclude that crypto is too volatile to be offered to their customers as ETFs.
I think the bulls are aware of the danger and are doing all they can to prevent this from happening.
The consequences for crypto would be unimaginable! It would be the biggest dump ofBTC in history and could drive prices to unbelievable lows.
So, pray that this correction doesn't go too low—at least not to the point where investors capitulate and abandon crypto to rotate their money into the more secure, mature, and currently more profitable stock market.
The recent pullback has seen BlackRock and Fidelity purchasing a lot of
BTC even though they don't really need it.Most of their ETF investors are currently losing money, and the stock market is parabolic.
I think we don’t realize how dire the situation is. What we are seeing is the bulls trying to prevent an ETF run from crypto to the stock market!
Billions are being spent to avoid a 50% pullback, which would be necessary for
BTC to consolidate. Can ETF investors stomach a -50% drop in their investment while the SPX500 is parabolic?Now, imagine what would happen if
BTC dumped -50% and ETF holders capitulated and sold everything in panic.That would nuke the
BTC ETF, destroy the ETH ETF, and cancel the SOL ETF. Essentially, the banking industry would conclude that crypto is too volatile to be offered to their customers as ETFs.I think the bulls are aware of the danger and are doing all they can to prevent this from happening.
The consequences for crypto would be unimaginable! It would be the biggest dump of
BTC in history and could drive prices to unbelievable lows.So, pray that this correction doesn't go too low—at least not to the point where investors capitulate and abandon crypto to rotate their money into the more secure, mature, and currently more profitable stock market.
Note
We had a Trump pump which has reset the indicators in bullish mode on hourly and daily.The ETF have purchased an unprecedented quantity of BTC.
Both saved
BTC from further dump under 50k.It is a positive sign, but we need more time to see exactly if this correction is finished or not?
Protecting
BTC to dump further to avoid an ETF investors run worked. So far so good.We might see
BTC being "protected" against dumps now that the ETF are involved. This cycle is the only one where BTC didn't correct more than 25%Trade closed manually
This idea did not happen, and that is really good!!!The ETF have purchased massively, avoiding the dump. -27% was the biggest pull back from this cycle, but it was acceptable and BTC has regained the top of the range.
Note
Another accurate forecast, BTC reached my support exactly. What was unimaginable in July when I published, did happened!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.