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Cryptorank

Andrew Tate Calls $26K BTC Bottom, Targets ‘Max Longs’ After $530 Million in Spot Bitcoin ETF Outflows


by Abdulkarim Abdulwahab
for CoinEdition
Andrew Tate Calls $26K BTC Bottom, Targets ‘Max Longs’ After $530 Million in Spot Bitcoin ETF Outflows
  • Andrew Tate issues a stark Bitcoin $26K call, targeting overconfident ‘max long’ traders.
  • Bitcoin price today plunges to a low of $104,000 as Spot Bitcoin ETFs bleed $530.9 million in one day.
  • The crash, compounded by U.S. bank fears, wiped $230 billion and liquidated $556 million in leveraged positions.

Bitcoin (BTC) price plunged to $104,000 today, rocked by a dual shock of macro fear and a massive flight from crypto-native products. The catalyst for the crash was a record-breaking $530.9 million net outflow from U.S. Spot Bitcoin ETFs on October 16.

Meanwhile, according to Andrew Tate, Bitcoin’s price could fall even lower, potentially down to $26,000.

It Can Always Get Worse

Tate suggests the price could drop further due to overconfidence among investors who believe the market has already bottomed out.

“Everyone is max-lon…

Read The Full Article Andrew Tate Calls $26K BTC Bottom, Targets ‘Max Longs’ After $530 Million in Spot Bitcoin ETF Outflows On Coin Edition.

Read the article at CoinEdition

Read More

$1.2B exits US Bitcoin ETFs just as London makes crypto comeback

$1.2B exits US Bitcoin ETFs just as London makes crypto comeback

The 12 spot Bitcoin exchange-traded products (ETFs) in the United States reversed sha...
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Bitcoin Price prediction: BTC Bulls Target Key Resistance Ahead of Fed Event

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Andrew Tate Calls $26K BTC Bottom, Targets ‘Max Longs’ After $530 Million in Spot Bitcoin ETF Outflows


by Abdulkarim Abdulwahab
for CoinEdition
Andrew Tate Calls $26K BTC Bottom, Targets ‘Max Longs’ After $530 Million in Spot Bitcoin ETF Outflows
  • Andrew Tate issues a stark Bitcoin $26K call, targeting overconfident ‘max long’ traders.
  • Bitcoin price today plunges to a low of $104,000 as Spot Bitcoin ETFs bleed $530.9 million in one day.
  • The crash, compounded by U.S. bank fears, wiped $230 billion and liquidated $556 million in leveraged positions.

Bitcoin (BTC) price plunged to $104,000 today, rocked by a dual shock of macro fear and a massive flight from crypto-native products. The catalyst for the crash was a record-breaking $530.9 million net outflow from U.S. Spot Bitcoin ETFs on October 16.

Meanwhile, according to Andrew Tate, Bitcoin’s price could fall even lower, potentially down to $26,000.

It Can Always Get Worse

Tate suggests the price could drop further due to overconfidence among investors who believe the market has already bottomed out.

“Everyone is max-lon…

Read The Full Article Andrew Tate Calls $26K BTC Bottom, Targets ‘Max Longs’ After $530 Million in Spot Bitcoin ETF Outflows On Coin Edition.

Read the article at CoinEdition

Read More

$1.2B exits US Bitcoin ETFs just as London makes crypto comeback

$1.2B exits US Bitcoin ETFs just as London makes crypto comeback

The 12 spot Bitcoin exchange-traded products (ETFs) in the United States reversed sha...
Bitcoin Price prediction: BTC Bulls Target Key Resistance Ahead of Fed Event

Bitcoin Price prediction: BTC Bulls Target Key Resistance Ahead of Fed Event

Bitcoin (BTC) is showing renewed strength after bouncing from its recent local bottom...