After the proposed bill to stop the digital currency industry and the prosecution of former officials allied with this industry by Elizabeth Warren and the debt settlement of the FTX exchange, as well as the expiration of $2 billion in options contracts and the $400 million liquidation of long positions at a price of $42,800, The suspension of BitZlato transactions and the filtering of exchange sites by India, we saw an increase in the decline and fall of the market in a short period of time.
But in the meantime, witness the withdrawal of 1 billion dollars of Bitcoin from the exchanges in one day, which was the largest one-day output in the last 12 months, the accumulation of 190 thousand Bitcoin units by Microstrategy and becoming a whale by owning 1% of the entire supply of Bitcoin. It equaled the number of units that the United States has, as well as the removal of the Bitcoin ban in Nigeria and the victory of the first Terraform Labs case against the Commission, Zhao Dong's imprisonment for causing problems in the digital currency industry, Marathon, Arkon and Rivet's investment in miners and Most importantly, approaching the approval of Bitcoin tradable funds, we saw the market grow again and regain important price areas and levels.
As you know, if Bitcoin can stabilize above the $43,600 area, we can expect growth, otherwise, if the price falls below the $41,000 area due to the intensification of bearish sentiments, there is a greater possibility of a fall.
But in the meantime, witness the withdrawal of 1 billion dollars of Bitcoin from the exchanges in one day, which was the largest one-day output in the last 12 months, the accumulation of 190 thousand Bitcoin units by Microstrategy and becoming a whale by owning 1% of the entire supply of Bitcoin. It equaled the number of units that the United States has, as well as the removal of the Bitcoin ban in Nigeria and the victory of the first Terraform Labs case against the Commission, Zhao Dong's imprisonment for causing problems in the digital currency industry, Marathon, Arkon and Rivet's investment in miners and Most importantly, approaching the approval of Bitcoin tradable funds, we saw the market grow again and regain important price areas and levels.
As you know, if Bitcoin can stabilize above the $43,600 area, we can expect growth, otherwise, if the price falls below the $41,000 area due to the intensification of bearish sentiments, there is a greater possibility of a fall.
