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RE: The current Bitcoin Rally is very healthy, being fueled by Spot Market demand as opposed to Leverage

in LeoFinance3 years ago

Looks like we just got hit with a bit of a correction this morning. I am sure our feeds are going to be flooded with that most of the day!

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Yep, that was a bit surprising given the low funding rates. Though it probably means that was the lows already. On another note, wWe were due for a 30% correction anytime between $58k to about $70k, I was just hoping it would go over $60k before it started. We will see if this is the beginning of that or if it's already done.

There still seems to be a bit of uncertainty, so we could definitely head back down I guess. If this was the 30% correction the majority of it seems to have passed fairly quickly!

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Well, it's only been about 18% from peak to trough, so if it is the 30% correction, it's not over yet. Personally I don't think it is (a 30% correction), I think that $48k touch was the low, but it's possible it wasn't.

Good Point!

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Not much of correction in a psychological terms. BTC is more or less on the same level it was before the weekend (when nothing was supposed to happen).

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Yeah, for sure. I don't really feel as bad about the movement today as I thought I was going to.

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You are going to be waiting for quite a long time...

Where will you buy it?