No idea why Bitcoin dumped so much but opened a short.

[MarjorieZimmermanGinger]

I was not happy about crypto and bitcoin dumping, this week was crazy but game is game, shorted BTC on perp DEX and did +241% lol... I was trying to research why its dumping, someone said it was bank attack on crypto, other say it is Binance, also news about Epstein I think in overall could be all together and this negative sentiment running around twitter and everywhere just did cascade dump.

If you're trying to short sell at this point without the ability to analyze the market, you're probably one of those people who likes to take risks. This isn't about how to profit, but more about betting on luck as you yourself said you don't know the cause of the decline. Many factors influence Bitcoin's current decline, but engaging in futures trading without in-depth analysis is not the right choice as you might not be able to achieve the same level of luck as you're currently experiencing. Market sentiment may have been in play for the past week, but anyone taking a short selling approach needs to conduct analysis before deciding to engage in trading.

[JeffBrad12]

I was not happy about crypto and bitcoin dumping, this week was crazy but game is game, shorted BTC on perp DEX and did +241% lol... I was trying to research why its dumping, someone said it was bank attack on crypto, other say it is Binance, also news about Epstein I think in overall could be all together and this negative sentiment running around twitter and everywhere just did cascade dump.

All those reasoning could be the factor, but I think the real factor that caused the dump is because the price has been on sideways for a really long time and it needs to move somewhere, since there has been some fuds and war tension market just decided it will go down.
It's plausible that price might go down to $64k again and then doing sideways around the range of 72k to 64k for weeks or before breaking resistance or support. Honestly nobody got any idea what caused the short though frankly.

[GhostRider25]

All those reasoning could be the factor, but I think the real factor that caused the dump is because the price has been on sideways for a really long time and it needs to move somewhere, since there has been some fuds and war tension market just decided it will go down.
It's plausible that price might go down to $64k again and then doing sideways around the range of 72k to 64k for weeks or before breaking resistance or support. Honestly nobody got any idea what caused the short though frankly.

Another reason some are floating is because btc is tied to the epstein pedo scandal and people are dumping it out of disgust.
the whales know that people are emotional creatures and will panic buy / sell on a whim, so purposely orchestrate little headlines and news clips to make the sheeple bleat and do their thing to swing the market so they can make their billions off it.

give it a month or so it'll be back in the news rallying.  it's a cycle, it takes a little patience, which is something else these kids sorely lack, but you can see it coming and going, and play it very well..

Aaron

[8rch7]

Sadly your short position earn much profitable I got liquid since my long position when bitcoin above $96k keep holding until receiving an email about liquid notification, I have open long for bitcoin position during the market stable but after my order filling price drop significant and ever raise up back above $92k. Keep holding because I believe the possibility bitcoin will break out but have got bad thing my position liquid and all my fund loss.
Right now still confusing have to open short or long position although bitcoin have drop to lower price but I still has bad thing about the market position will get another drop if open short order or right now is moment for long position opening, what your opinion guy do you open long or short position regarding bitcoin price right now?

[0xredhot]

I was not happy about crypto and bitcoin dumping, this week was crazy but game is game, shorted BTC on perp DEX and did +241% lol... I was trying to research why its dumping, someone said it was bank attack on crypto, other say it is Binance, also news about Epstein I think in overall could be all together and this negative sentiment running around twitter and everywhere just did cascade dump.

If you're trying to short sell at this point without the ability to analyze the market, you're probably one of those people who likes to take risks. This isn't about how to profit, but more about betting on luck as you yourself said you don't know the cause of the decline. Many factors influence Bitcoin's current decline, but engaging in futures trading without in-depth analysis is not the right choice as you might not be able to achieve the same level of luck as you're currently experiencing. Market sentiment may have been in play for the past week, but anyone taking a short selling approach needs to conduct analysis before deciding to engage in trading.

I took analysis of people sentiment, I might not have time or experience to do deep analysis like you, I bet on people, I saw fear, saw the news, well same people watch the news and might get scared and sell, so I did bet on that, was not really wild guess, but thats how I do it call it gambling, risk taking for sure but I saw many people do technical analysis and fail as you cant predict market really.

[Asiska02]

I am gonna be honest, I had no plan, I just shorted after checking market sentiment lol... but somehow I catched it.

Don’t get too excited, this usually happens though but don’t get overwhelmed on it and continue to do it, because when it comes to change narrative, it’ll hit you hard when you don’t expect it and if you’re indeed a gambler and not trading with proper risk management, you might have risked too much that you may not be able to afford to lose and it’ll be too late when you’ve failed in your prediction. Many traders do take advantage of the market without having any basic analysis of the market, just following the trend and hoping they get to benefit from the trend quickly. This is not trading but gambling as long as you didn’t analyze the market before taking the trade.

[Hyphen(-)]

I was not happy about crypto and bitcoin dumping, this week was crazy but game is game, shorted BTC on perp DEX and did +241% lol... I was trying to research why its dumping, someone said it was bank attack on crypto, other say it is Binance, also news about Epstein I think in overall could be all together and this negative sentiment running around twitter and everywhere just did cascade dump.

Congratulations to you, it’s crazy to know the exact direction of Bitcoin price because the market is bearish now, but it is risky to decide which way the price will be, I can’t try shorting Bitcoin because I am not among people that are hoping for the price to dip more that’s why I am not a fan of trading Bitcoin on futures regardless of the markets conditions. I can’t try shorting just buy more to my portfolio and not to either shot on futures, but I can’t try shorting long it for the love of Bitcoin, but the risk of getting liquidated is what’s stopping me, instead I buy more when I see opportunities like this.

[justdimin]

I was not happy about crypto and bitcoin dumping, this week was crazy but game is game, shorted BTC on perp DEX and did +241% lol... I was trying to research why its dumping, someone said it was bank attack on crypto, other say it is Binance, also news about Epstein I think in overall could be all together and this negative sentiment running around twitter and everywhere just did cascade dump.

One of the biggest reasons why bitcoin has gone down is because we are in the bear market and people can see the future and they are positioning themselves at this point. I get that it is not that crazy to see this but the reality is that if you know it will be even lower, then you would sell right now. This is what many people did and that is why it dropped so much.

Another is obviously the futures being liquidated and cashed out, which means selling bitcoin to get USDT to close that position. Combine these and you get yourself a very real situation at hand for it to drop. Eventually people will say "this is as low as it gets" and that's when they will start to buy and that's when it will start to not go down anymore and start going up.

[RockBell]

I am gonna be honest, I had no plan, I just shorted after checking market sentiment lol... but somehow I catched it.

Don’t get too excited, this usually happens though but don’t get overwhelmed on it and continue to do it, because when it comes to change narrative, it’ll hit you hard when you don’t expect it and if you’re indeed a gambler and not trading with proper risk management, you might have risked too much that you may not be able to afford to lose and it’ll be too late when you’ve failed in your prediction. Many traders do take advantage of the market without having any basic analysis of the market, just following the trend and hoping they get to benefit from the trend quickly. This is not trading but gambling as long as you didn’t analyze the market before taking the trade.

A lot of people have wished they have short bitcoin during there trading and no matter how smart you think you are you can not outsmart the market, so you need to be very careful and people are always excited about things like this especially when the market is favoring them and they think that this is how it is suppose to be so one of the things we need to do is to be neutral when it comes to things like this because you can not jump into conclusion because the market is full of deception, so you just have to be very careful because some traders can be carried away and it can lead to losing of a lot of money and that is why as a trader you need to disciplined.

[LogitechMouse]

So, you shorted the market without any reason or analysis?
Nah, it seems you are just doing gambling instead of trading if that is your way to trade.

That's what I thought as well. I think he's just lucky that he caught the downward movement, and made money from it.

Most of the traders have their own reasons why they entered a position like for example, if they entered a short position, it's either they saw that the coin is being rejected on a previous resistance area, or the coin got rejected from a Moving Average on the 4H chart hence, you entered a short position. Shorting the market or just entering a position without any reason whatsoever is just pure luck like what you said and if that's how OP is trading, I wonder if he will survive far long enough in trading.

As for others here, don't do what the OP did. I know he made money, but entering a position without any reason at all is more like a gambling or a game of luck. Before entering, make an analysis and have a reason why you entered.

[laijsica]

I was not happy about crypto and bitcoin dumping, this week was crazy but game is game, shorted BTC on perp DEX and did +241% lol... I was trying to research why its dumping, someone said it was bank attack on crypto, other say it is Binance, also news about Epstein I think in overall could be all together and this negative sentiment running around twitter and everywhere just did cascade dump.

Some of the events that are speculated to be related to the fall of Bitcoin may or may not be related, but investors should accumulate Bitcoin regardless of the price. The crypto market is closely related to world politics and economics, but not all news is associated with a fall in price. There is a lot of positive news that causes the price of cryptocurrency to rise. Many people on social media want to create hype and create a negative reaction in the market. You should avoid that hype and search for real news and make a decision. Accumulate Bitcoin complete the cycle and avoid shitcoin.

[Awaklara]

I was not happy about crypto and bitcoin dumping, this week was crazy but game is game, shorted BTC on perp DEX and did +241% lol...

In a market like this, some traders might play it safe by not trading. But you take the risk and make a profit. There are moments when the market also rises again in a short time and then continues to decline. Some traders will definitely take advantage of the current moment to make a profit. But still, be careful with a situation that is still hard to predict, especially for those who trade with high leverage.

[michellee]

Many people disappointed with the crypto situation but they can't do that. But if you can use the moment to takes benefit, you are good to go.

Congrats for the profits by shorting the price. Not many people see the benefits of the dump and still make a profit. We don't know what is the reasons Bitcoin dump. But we don't have to worry with this because this is just temporary and soon will be better.

[irhact]

I was not happy about crypto and bitcoin dumping, this week was crazy but game is game, shorted BTC on perp DEX and did +241% lol... I was trying to research why its dumping, someone said it was bank attack on crypto, other say it is Binance, also news about Epstein I think in overall could be all together and this negative sentiment running around twitter and everywhere just did cascade dump.

As a Trader the direction of the market does not really matter to me all I'm all about is my investments and how I can make a profit from it. If the market is rising I try to take advantage of that and when it's falling I also try to take advantage from that unfortunately I was unable to take advantage of the market falling because I did not expect it to fall this sudden but I've always known that this year is going to be a very bad year for the market because the market is continuously going to fall. There could be many news that could trigger the market falling everybody's looking for some negative news to take profit because everybody is scared of how the market is going to react I don't think any of the news where the reason but the correction was just genuine and that is the market breaking down since there was no positive news to increase the market. To shut the market at this price right now is kind of scary because I think the market might hold up a little bit but until then I will just keep on observing the market.

[GhostRider25]

play the wiggles.
very few coins are making a lot of 'decent' swings right now, many are flat lining but a decent exchange with maybe like a 0.2 percent tx fee you can still make profit.
don't go in demanding huge profits, take nibbles, they all add up, and if something does swing big..well there's a big bite

aaron