Cryptocurrency live news today | Top blockchain platforms 2021 Cryptocurrency live news today with Welcome2crypto.net. We are leading top blockchain platforms in 2021 . Get the latest crypto news and information to know about bitcoin, ethereum, and more! Visit Here:- https://welcome2crypto.net/category/crypto-news/ A Sudden Drop In Bitcoin Exchange Inflows Suggests Bullish Momentum The Bitcoin supply at exchanges has dropped to a 50-day low. After a strong selling run last month, the Bitcoin miners have resumed accumulation once again. After dropping all the way to $32,000 last week, Bitcoin (BTC) has bounced back once again and is currently in recovery mode. At press time, BTC is trading 1.75 percent higher at a price of $34,297 with a market cap of around $644 billion. Although Bitcoin continues to face strong resistance at the $35,000 level, some of the on-chain metrics are showing considerable improvement of late. The amount of BTC inflows to exchange wallets have dropped sug...
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Dan Peña Says Over-Leveraged Traders Can Bring Market Down
Dan Peña, the millionaire business man behind the Quantum Leap Advantage (QLA) method, says that crypto investors, particularly young ones “lacking historical context”, are using too much leverage together with poor risk assessment.
According to an article on Business Insider this morning, Dan Peña breaks down the four risks for a full-on market crash. He cites those risks as margin debt being at an all-time high, an overvalued market, interest rates at an all-time low, and a “lack of sophistication of the average investor”.
Peña believes that that these four risks can combine to create the perfect storm for a huge plunge in markets. He has personally been betting on this market crash for the last few months.
Peña, known as “the trillion dollar man”, is the founder of the QLA method that is said to have “produced over a trillion dollars in equity/value since 1993.”
He recently took issue with retail investors, and millennials in particular, who he says lack a deep understanding of market patterns, and are choosing to ignore historical perspectives. He sees these investors clinging to the belief that the current bull market is “normal”.
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Peña has a rather unique style. His lack of political correctness and brash way of speaking have gained him some popularity on social platforms such as TikTok. Peña himself puts his success down to having lived through many recessions, which helped to build his experience.
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