Happy Wednesday, Blockfolians
What a ride today was. Bitcoin down 30%. ETH down 40%. Alts hemorrhaging. Newbies freaking out. Exchanges down.
But then something started happening. The long-termers came in and started buying. All of a sudden BTC was only down 9%. The biggest outflow from exchanges in BTC history happened. Some amount of calm returned.
Now the question is what happens next:
What do you think?
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What do you think? Less correlation going forward?
A Really Big Number We Should Be Paying Attention To
That (continues to be) Cathie Wood’s BTC price target. Don’t freak out.
Look on the brightside