What's going on?

[bangjoe]

Many claim that this is the Jim Cramer effect, which makes the market experience an unexpected decline, even myself this feels impossible and cannot be understood why there is a decline, is it because of Jim's posts that cannot be explained by logic.
Is there someone who can explain this so that what is happening can enter my logic and not believe in things that do not make sense?
There is also a lot of speculation that this is confirmation that bitcoin ETF applications will be rejected again?

But isn't it time to add more Bitcoin, as the price is at a considerable discount tonight?

[1714772725]

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[Charles-Tim]

There is also a lot of speculation that this is confirmation that bitcoin ETF applications will be rejected again?

This is what caused the recent price that plummeted. We do not know which one would be true, but SEC was showing signs that Spot ETF for bitcoin would be approved until the recent analysts speculating what could make the price of bitcoin to decrease. People should know that as analysts can be right, they can also be wrong.

But isn't it time to add more Bitcoin, as the price is at a considerable discount tonight? Grin

If you want to buy and not sell for many months, this is the time to accumulate more. People that are using DCA can also still continue to buy. What that is most important is the halving and the expected all-time-high.

[bangjoe]

There is also a lot of speculation that this is confirmation that bitcoin ETF applications will be rejected again?

This is what caused the recent price that plummeted. We do not know which one would be true, but SEC was showing signs that Spot ETF for bitcoin would be approved until the recent analysts speculating what could make the price of bitcoin to decrease. People should know that as analysts can be right, they can also be wrong.

Yes this makes me feel confused whether I should believe which one, because we seem to be confused if there is a market like this approaching the decision to propose the ETF, even though we know that the halving will be our second hope to see that Bitcoin adoption will increase by itself.

But isn't it time to add more Bitcoin, as the price is at a considerable discount tonight? Grin

If you want to buy and not sell for many months, this is the time to accumulate more. People that are using DCA can also still continue to buy. What that is most important is the halving and the expected all-time-high.

I no longer have a DCA fund, but I do still hold my bitcoins to this day and until BTC gets its highest ATH again this cycle, I am currently only using funds from my weekly and monthly income to accumulate BTC, so it's not a DCA strategy anymore that I am using these days.

[Tytanowy Janusz]

This is what caused the recent price that plummeted. We do not know which one would be true, but SEC was showing signs that Spot ETF for bitcoin would be approved until the recent analysts speculating what could make the price of bitcoin to decrease. People should know that as analysts can be right, they can also be wrong.

What will happen then? Probably all these companies (blackock, fidelity) will apply again and get another "final date", probably in June, and again the market will have something to grow on for the next 5 months

Moreover, the SEC, by rejecting ETF, would violate the court's ruling wouldn't it?

[Driftless_Mining]

Moreover, the SEC, by rejecting ETF, would violate the court's ruling wouldn't it?

The court's ruling was specific in that the SEC cannot "arbitrarily" deny the request.

They can still deny it as long as they have good reasons, those reasons need to be more substantial though than just the commissioners personal feelings on the subject.

[OgNasty]

Jim Cramer remains undefeated. It’s beyond comical at this point how he can move markets just by giving his opinion. Granted he moves them the wrong way, but I’m not familiar with any analyst who has ever been so routinely incorrect that people are making a living just doing the opposite of what he says.

[Asiska02]

Is there someone who can explain this so that what is happening can enter my logic and not believe in things that do not make sense?
There is also a lot of speculation that this is confirmation that bitcoin ETF applications will be rejected again?

The recent drop in market suggests that it could be a sign of rejection of the bitcoin ETF but the news is still not open to the public and there might be more speculations about it that is yet to be disclosed to the public. So many manipulations in the market these days. ETF is now causing manipulation to the market, we have the whales manipulation, government manipulation and also exchange manipulations. The market was doing very fine before this ETF saga came into the market, SEC now have much power because of this whole ETF situation thing.

ETF is the only one way the government will have a say in the market and when they saw how the market performed even after the bitcoin ETF got rejected the last time, they had to come back with a terminology to be amongst the biggest players in the space, hence they’ve joined them as manipulators. Politically, democrats are anti crypto to the core and if there is change of power to Republicans this coming November election in the US, the real bull run should take place in 2025.

But isn't it time to add more Bitcoin, as the price is at a considerable discount tonight?

Opportunities like this are what investors that mostly do DCA use to enter into the market to accumulate more bitcoins. We don’t know how dip the market will go further because the real cause of the crash in the market is yet to be unknown. If there’s no clear answer as to what happened to the market, we might experience more decline to the $37-38K support level in few days time. This is a good time to accumulate more, should the news go in favour of the market later, the market could remain balance again and subsequent movement upward is still achievable.

[$crypto$]

The price fell due to the rejection of the ETF by the SEC on the one hand Jim Cramer said bullish, on the other hand, this does not make sense in our minds but Jim Cramer's statement about bullish actually went down this is not a one-time or two-time occurrence when Jim Cramer said about bitcoin.

A few days ago the price was also around $42K why when there is no news is there no word when to buy? I think anyone can buy before the price touches the previous ATH.
I think some regret it when the price is $45K they say they missed it when the price went down wanting to go deeper, he was too unstable wanting to invest.

[kentrolla]

This is because of fuds which is spread online that the spot ETF will be rejected and I am sure this is just temporary when it comes to Bitcoin. I am just wondering why do people fall for such fuds again and again. I see more damage being done just because of the rumor that the spot ETF will be rejected. We need to accept the fact that it can either be rejected or approve but that doesn't define the end of Bitcoin or something like that and it's just an event which will have positive impact on Bitcoin if it's approved that's all.

[goldkingcoiner]

It is all very easy to explain. Whales are driving market manipulation through FUD news to lower the price of Bitcoin down, shake up the shakey hands and buy cheap coins just before the real ETF approval. Do not feed the whales by selling your Bitcoin. Although I personally see this as an excellent opportunity to jump on the bandwagen and buy some cheap Bitcoin from under the noses of the whales. I think everyone should be doing exactly that. It is something they do not expect.

Maybe they found out that the ETF approval date will be postponed and they are using this to their advantage.

HODL and buy. That is what I am doing.

[BABY SHOES]

Don't worry too much this is just the effect of the ETF rejection, but now the SEC has called another meeting with some names to discuss a spot Bitcoin ETF.

I don't think the price has dropped significantly, if you look at the chart the price of $45K has only been three days while the sideway price is $43K now.
The ETF and SEC news has certainly triggered the price of bitcoin and this may be a little whale manipulating it I don't think it's too panic because this decline is not worse than you see.

Now just buy and HODL, simple as that.

[MFahad]

Many claim that this is the Jim Cramer effect, which makes the market experience an unexpected decline, even myself this feels impossible and cannot be understood why there is a decline, is it because of Jim's posts that cannot be explained by logic.
Is there someone who can explain this so that what is happening can enter my logic and not believe in things that do not make sense?
There is also a lot of speculation that this is confirmation that bitcoin ETF applications will be rejected again?

But isn't it time to add more Bitcoin, as the price is at a considerable discount tonight?

There are currently no confirmed reports of Bitcoin ETF rejection.  as per my understanding this is deliberately creating fud in the market, so that other people panic and dump the market and these institutional buyers get cheap bitcoins.for those who hold fiat currency, this is definitely a great opportunity to buy Bitcoin as Bitcoin may go up again from here.

 All crypto currency prices have fallen with bitcoin and I think this is a great investment opportunity. it is also possible that the price of Bitcoin will go down further, so you should prepare yourself for that as well. If the approval of ETF is rejected, then you can get the price at a higher discount in the nights of the next few days apart from this night.

[tyz]

Many claim that this is the Jim Cramer effect, which makes the market experience an unexpected decline, even myself this feels impossible and cannot be understood why there is a decline, is it because of Jim's posts that cannot be explained by logic.
Is there someone who can explain this so that what is happening can enter my logic and not believe in things that do not make sense?
There is also a lot of speculation that this is confirmation that bitcoin ETF applications will be rejected again?

But isn't it time to add more Bitcoin, as the price is at a considerable discount tonight?

Simple answer: The price of Bitcoin has risen massively since mid-October. The main reason was the rumors about the Bitcoin Spot ETF. An additional, but more marginal, reason was the possibility of interest rate cuts in 2024. As for the spot ETF, the SEC will make a decision on January 10. Many assume that it will be approved, but this is not yet certain. Today there were probably the first to sell. If the SEC decides against the spot ETF on January 10, the losses in Bitcoin will be even more significant.

[danadc]

Bitcoin ETFs are quite crucial for many people, they represent stability, it is expected that they can make new confirmations of approval, but nothing is certain, in the same way new bitcoin investors seeing this can generate more things to have money , That is to say, at some point they are going to approve them, there is no way for them to say no, the future is Bitcoin , and Bitcoin is the Easiest way to make money, but the big ones like microestrategy are not going to stop making money, So That's what we can make a difference.

When we think About doing other things, for example , Having the option to guarantee more bitcoin, we have to do it, ETFs are just one step, let's remember that the Bitcoin Halving is Coming and that is what should keep us on our feet, there is no way things can go Wrong like this, that's why we have to push Ourselves and make way for what may come to us, this is the only thing that can be seen.

[mk4]

tl;dr

• MatrixPort analyst thinks that the ETF will likely be temporarily rejected
• This analyst's opinion reached mainstream media
• Market then panic sells their coins
• The sells caused a liquidation cascade because there was so much money in long positions

[cabron]

tl;dr

• MatrixPort analyst thinks that the ETF will likely be temporarily rejected
• This analyst's opinion reached mainstream media
• Market then panic sells their coins
• The sells caused a liquidation cascade because there was so much money in long positions

It was said they were spreading fud. Maybe its real but some are also saying the correction is inevitable and it's happening in a time after the new year. Its a bit confusing this time but a few more financial personalities are saying Gensler will deny it. It's just too unreal that they are allowing people to make money out in the open when as a matter of fact they are like Wall Street guys who want to have them all.

They were saying that announcing the ETF approval is like insider information, they doubt it will happen on the exact date of the announcement.

[mk4]

It was said they were spreading fud. Maybe its real but some are also saying the correction is inevitable and it's happening in a time after the new year. Its a bit confusing this time but a few more financial personalities are saying Gensler will deny it. It's just too unreal that they are allowing people to make money out in the open when as a matter of fact they are like Wall Street guys who want to have them all.

They were saying that announcing the ETF approval is like insider information, they doubt it will happen on the exact date of the announcement.

I mean you can't really call something "FUD" if it's just the opinion of one single analyst? Like, for instance if I said "I don't think the ETF will be approved lmao", it's just my opinion, not necessarily FUD. You guys seriously don't need to overanalyze everything with stuff like "it's just fud so wall street can buy lol!" or something like that. It's simply the fact that the market is over-leveraged, and this "news" caused a cascading liquidation.

[WillyAp]

All information apart from applying to get the ETFs going was purely speculation.
Hopium in high doses.

High finance has money in Bitcoin, a % of their spread.
As it so happens bitcoin, most crypto are also the storage of value easiest to sell.

[Eternad]

Many claim that this is the Jim Cramer effect, which makes the market experience an unexpected decline, even myself this feels impossible and cannot be understood why there is a decline, is it because of Jim's posts that cannot be explained by logic.
Is there someone who can explain this so that what is happening can enter my logic and not believe in things that do not make sense?
There is also a lot of speculation that this is confirmation that bitcoin ETF applications will be rejected again?

This is pure just coincidence. The price keeps hovering from 45K to 40K level vice versa whenever there’s a potential approval news and no news at all. I assume that same people that keep FOMO buying at 40K level until 45K level are the same people that keep selling whenever there’s no news or Bitcoin movement is already reach an important resistance.

Probably it’s a smart trader eating fomo trader repeatedly. Smart trader buy when dip like this and sell at resistance while fomo trader are the one that keep buying after smart trader enter and sell at loss when the price is already nuke.

[Zaguru12]

Don't worry too much this is just the effect of the ETF rejection, but now the SEC has called another meeting with some names to discuss a spot Bitcoin ETF.

I don't think the price has dropped significantly, if you look at the chart the price of $45K has only been three days while the sideway price is $43K now.
The ETF and SEC news has certainly triggered the price of bitcoin and this may be a little whale manipulating it I don't think it's too panic because this decline is not worse than you see.

This is just pure price manipulation that is playing so well due to the FOMO investors have created round this ETF of a thing. The rejection wasn’t even confirmed yet it was just rumor and the whole market exploded. This rumor is said to be even fake according to Eric Balchunas of Bloomberg who said there is no indication for this rejection but just like the fake news of its approval last here many people played in.

I don’t even think it is this news that trigger the fall of bitcoin price to $40k today but also the news that some miners had send some bitcoin to exchanges and we all know that it is for sell purposes as miners aren’t gullible to store on exchanges. Probably it was this sale that trigger the fall but regardless the news was just for short price manipulation and it did Played its part