Hanu

4 REASONS WHY CRYPTO MARKET IS DUMPING HARD THIS WEEK 🚨 1) OPTIONS EXPIRY TOMORROW, $23 BILLION IN BITCOIN AND ETHEREUM OPTIONS WILL EXPIRE. THIS IS A QUARTERLY OPTIONS EXPIRATION AND OFTEN BRINGS HIGH VOLATILITY. MAX PAIN PRICE FOR $BTC IS $110,000 AND $3,700 FOR $ETH. USUALLY WHALES DRIVE PRICES TOWARDS MAX PAIN, AND THAT'S WHAT'S HAPPENING. 2) US GOVERNMENT SHUTDOWN THE ODDS OF A US GOVERNMENT SHUTDOWN BY OCTOBER 1 IS NOW AT 67%. IN THE PAST, US GOVERNMENT SHUTDOWNS HAVE RESULTED IN MARKET CORRECTION, AND THIS IS WHY PEOPLE ARE PANICKING. 3) STRONG ECONOMIC DATA TODAY, Q2 GDP REVISED DATA CAME AT 3.8% VS. 3.3% EXPECTED. GOOD ECONOMIC DATA IS BULLISH IN THE LONG TERM BUT BEARISH IN THE SHORT TERM. THIS IS BECAUSE GOOD ECONOMIC DATA LOWERS THE CHANCES OF RATE CUTS. 4) EXCESSIVE LEVERAGE IN THE PAST WEEK, RETAIL OPENED HIGH LEVERAGE POSITIONS DUE TO PERPS DEX HYPE. AT ONE POINT, ALTS OPEN INTEREST WAS ALMOST 2X THAT OF BITCOIN. AND RIGHT NOW, THOSE PEOPLE ARE GETTING LIQUIDATED, WHICH IS CAUSING A MARKET DUMP. CONCLUSION I THINK THIS IS A PERFECT SET-UP BY WHALES TO PANIC SELL YOUR COINS BEFORE Q4. THEY STARTED SEPTEMBER IN A BULLISH WAY TO MAKE PEOPLE THINK THAT IT'LL BE UP-ONLY. NOW WHALES ARE DUMPING, SO PEOPLE PANIC SELL BEFORE THE Q4 RALLY.