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Crypto Insiders Admit All Along They Have No Idea What Theyre Doing but Keep on Hiding It Behind Fancy Charts and Rebalancings

A  illustration of various cryptocurrency traders frantically working on their computers while surrounded by chaotic charts, screens displaying price fluctuations, and scattered papers with complex financial data. A Bitcoin chart in the background shows a failed rally attempt at $62,000, while other cryptos like Ethereum, BNB, Solana, XRP, Dogecoin, Toncoin, Cardano, Avalanche, Shiba Inu are depicted struggling to break above their respective moving averages or support levels.

A week of unfulfilled promises: Crypto’s latest ‘rebalancing’ act has left investors wondering if anyone really knows what they’re doing.

Source: cointelegraph

Bitcoin (BTC) is trying to find support at $62,000, but rallies to this level are not sustaining. This suggests that demand dries up at higher levels. CryptoQuant data shows the Coinbase premium has mostly been negative in October, indicating low demand from Coinbase traders. When the price fails to break above resistance, several short-term traders who are in profit tend to close their positions. Additionally, aggressive bears establish short positions […]

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