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    BTC hits $75K! Why is the market pumping? Anyone know what's going on? Everyone's opening huge longs and shorts are getting liquidated. Do you think the rally will keep going? I'm pretty skeptical.
    Cryptocurrency

    BTC hits $75K! Why is the market pumping? Anyone know what’s going on? Everyone’s opening huge longs and shorts are getting liquidated. Do you think the rally will keep going? I’m pretty skeptical.


    BTC hits $75K! Why is the market pumping? Anyone know what’s going on? Everyone’s opening huge longs and shorts are getting liquidated. Do you think the rally will keep going? I’m pretty skeptical.

    https://i.redd.it/ektj9d9e8hpg1.png

    View 36 Comments

    36 Comments

    1. magus-21 on

      Friendly reminder that in March 2022 the market “pumped” from $36k to $47k before collapsing to $16k six months later.

    2. chubs66 on

      Eth is leading the way at +10% over 24hrs while BTC is +7%. Over the last 7 days, Eth has doubled the % increase vs btc (+16.6% vs +8%). That’s quite rare in an extreme fear bear market.

    4. Hqjjciy6sJr on

      This is the stage where most people stay in disbelief, expecting a drop back to $50K. Instead, the price keeps pumping. That’s when they FOMO in, and then comes the epic dump

    7. uamdarasulka on

      honestly after the run to 126k this feels more like a dead cat bounce than a real reversal. shorts getting liquidated doesnt mean sentiment flipped, it just means overleveraged bears got squeezed. id wait to see if this holds above 76k for a few days before getting excited

    8. idliketoseethat on

      I really don’t see the point in posting Bitcoins price movement. NEWS FLASH: Bitcoin is volatile.

    10. RodNun on

      Probably some market manipulation. People start buying because it’s going up, usa government do some sheet, the value goes down 20%, rich people buy it.

    11. Shichroron on

      No one really knows

      The most likely case is a relief rally before a crash like previous cycles. But who knows. Maybe this time is different

    14. ArchiMode25 on

      Shorts build up? Check
      Shorts getting liquidated? Check
      Opening a bunch of longs you say? Check
      Longs get liquidated? Time will tell

    17. Emergency_Egg1281 on

      The whales have been accumulating for a month..this was the bottom for a while. If the war ends and gas goes down…its on !!

    18. F0rtysxity on

      I don’t know what is going on either?! This is crazy!!! Has anyone ever seen this before?!?! /s

    21. kitbiggz on

      Look at the monthly charts. Just looks like we will print a green monthly candle. For the first time in like 4 months.

      Look at past bear market cycles. It’s never all red months.

      Market makers are just doing what they do. Making it hard for traders to win.

    23. potatoMan8111 on

      Oh, that cute, bitcoin is up 2% while big daddy ether is leading the way up almost 10%

    26. Jolly-Championship31 on

      noone knows whats going on at any point in time. the entire thing is not investing but gambling. grow up.

    29. 30pieces on

      It has been five red months and no one wanted to buy when it was losing value. Now that it looks like it has stopped dropping people are jumping back in. Etfs had three straight weeks of net inflows. 

    30. ardyes on

      ISM is above 50 for 2 months in a row signaling economic expansion. Crypto and risk assets do well when ISM is going up.

    32. revzjohnson on

      Capital moving from one asset to another so the elites can rug pull each in turn. Rinse and repeat.

    33. darthmcdarthface on

      BREAKING: Bitcoin surges to $75K on news of [insert literally anything happening today]

    35. Legitimate-Echo-1996 on

      The global supply chain is about to get rocked and you’re wondering why a volatile asset is pumping? Cmon kid think bigger

    36. Trueslyforaniceguy on

      📈📉📈📉📈📉📈📉📈📉📈📉📈📉📉📉📉📉📉📉📉📉📉📉📉📈📉📉📉📉📉📉