//@SPACE ROCKET: Many of Mt. G

//@SPACE ROCKET: Many of Mt. Gox's early users as well as creditors are LONG-TERM BITCOIN ENTHUSIASTS who are LESS LIKELY to sell all of their bitcoin immediately," said Lennix Lai, chief commercial officer of crypto exchange OKX. Afterall, Mt. Gox's victims have waited from 2014 till now in 2024, what's the hurry in selling their Bitcoins off now? Might as well wait awhile more for Bitcoin to reach a new ATH, right? They have been waiting for 10 years anyway; there is no urgent monetary need to liquidate it now when Bitcoin is dipping. If you bought many Bitcoins at such a low price of $600/Bitcoin back then, would you liquidate them now or wait for them to reach new highs? Common sense, wait it out. Perhaps the best investment they have ever made in their lifetime! Lai further added that previous sell-of

Crypto Stocks Slumped As Bitcoin Slides to Four-Month Lows on Liquidation Fears

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":324258023092400,"tweetId":"324258023092400","gmtCreate":1720170741589,"gmtModify":1720171437675,"author":{"id":4098932726636920,"idStr":"4098932726636920","authorId":4098932726636920,"authorIdStr":"4098932726636920","name":"JiaDeName","avatar":"https://static.tigerbbs.com/ac12c2e59cfb8844340b865b07eb5648","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":11,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body>//<a href=\"https://ttm.financial/U/4093561479903300\">@SPACE ROCKET</a>: Many of Mt. Gox's early users as well as creditors are LONG-TERM BITCOIN ENTHUSIASTS who are LESS LIKELY to sell all of their bitcoin immediately,\" said Lennix Lai, chief commercial officer of crypto exchange OKX. Afterall, Mt. Gox's victims have waited from 2014 till now in 2024, what's the hurry in selling their Bitcoins off now? Might as well wait awhile more for Bitcoin to reach a new ATH, right? They have been waiting for 10 years anyway; there is no urgent monetary need to liquidate it now when Bitcoin is dipping. If you bought many Bitcoins at such a low price of $600/Bitcoin back then, would you liquidate them now or wait for them to reach new highs? Common sense, wait it out. Perhaps the best investment they have ever made in their lifetime! Lai further added that previous sell-of</body></html>","htmlText":"<html><head></head><body>//<a href=\"https://ttm.financial/U/4093561479903300\">@SPACE ROCKET</a>: Many of Mt. Gox's early users as well as creditors are LONG-TERM BITCOIN ENTHUSIASTS who are LESS LIKELY to sell all of their bitcoin immediately,\" said Lennix Lai, chief commercial officer of crypto exchange OKX. Afterall, Mt. Gox's victims have waited from 2014 till now in 2024, what's the hurry in selling their Bitcoins off now? Might as well wait awhile more for Bitcoin to reach a new ATH, right? They have been waiting for 10 years anyway; there is no urgent monetary need to liquidate it now when Bitcoin is dipping. If you bought many Bitcoins at such a low price of $600/Bitcoin back then, would you liquidate them now or wait for them to reach new highs? Common sense, wait it out. Perhaps the best investment they have ever made in their lifetime! Lai further added that previous sell-of</body></html>","text":"//@SPACE ROCKET: Many of Mt. Gox's early users as well as creditors are LONG-TERM BITCOIN ENTHUSIASTS who are LESS LIKELY to sell all of their bitcoin immediately,\" said Lennix Lai, chief commercial officer of crypto exchange OKX. Afterall, Mt. Gox's victims have waited from 2014 till now in 2024, what's the hurry in selling their Bitcoins off now? Might as well wait awhile more for Bitcoin to reach a new ATH, right? They have been waiting for 10 years anyway; there is no urgent monetary need to liquidate it now when Bitcoin is dipping. If you bought many Bitcoins at such a low price of $600/Bitcoin back then, would you liquidate them now or wait for them to reach new highs? Common sense, wait it out. Perhaps the best investment they have ever made in their lifetime! Lai further added that previous sell-of","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/324258023092400","repostId":1181604200,"repostType":2,"repost":{"id":"1181604200","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1720167040,"share":"https://www.laohu8.com/m/news/1181604200?lang=&edition=full","pubTime":"2024-07-05 16:10","market":"us","language":"en","title":"Crypto Stocks Slumped As Bitcoin Slides to Four-Month Lows on Liquidation Fears","url":"https://stock-news.laohu8.com/highlight/detail?id=1181604200","media":"Tiger Newspress","summary":"Crypto stocks slumped as Bitcoin slides to four-month lows on liquidation fears.Bitcoin sank to a four-month low on Friday, breaking below technical supports as traders anticipated the dumping of long","content":"<html><head></head><body><p>Crypto stocks slumped as Bitcoin slides to four-month lows on liquidation fears.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7883f261699c10840ba50d6ac703a2d7\" tg-width=\"270\" tg-height=\"318\"/></p><p>Bitcoin sank to a four-month low on Friday, breaking below technical supports as traders anticipated the dumping of long-lost tokens from a defunct Japanese exchange and further selling by momentum-spooked leveraged players.</p><p style=\"text-align: start;\">The price of the world&#39;s largest cryptocurrency slid more than 8% to $53,523, below chart support around $55,000 and its lowest since late February.</p><p>It has lost some 12% for the week so far, even as many of the risk-sensitive assets it tends to track, such as the Nasdaq, have gained.</p><p style=\"text-align: start;\">Ether slid 9% to $2,841, an over two-month low.</p><p style=\"text-align: start;\">Media reports said Mt. Gox, the world&#39;s leading exchange for cryptocurrencies before it collapsed a decade ago, may start returning bitcoin to creditors, who are seen as likely sellers since the token&#39;s worth was only hundreds of dollars in 2014.</p><p style=\"text-align: start;\">&#34;The selling pressure is still related to creditor selling from the failed Mt Gox exchange,&#34; Tony Sycamore, a market analyst at IG, said.</p><p style=\"text-align: start;\">&#34;However, the acceleration to the downside suggests the market is trying to get ahead of the creditor flows.&#34;</p><p style=\"text-align: start;\">Analysts have also pointed to worries over the possibility of Joe Biden being replaced as the Democrats&#39; presidential nominee by someone less pro-crypto after a shaky debate performance with rival candidate Donald Trump.</p><p style=\"text-align: start;\">Bitcoin had a strong start to the year after the launch of exchange-traded funds in the U.S., propelling it to a record $73,803.25 in mid-March. However, it has since struggled.</p><p style=\"text-align: start;\">&#34;With an asset that has been rangebound for quite a while and recently in the lower end of that range, there are plenty of margined positions,&#34; said Justin D&#39;Anethan at digital assets market maker Keyrock, which are forced to sell as prices fall.</p><p style=\"text-align: start;\">&#34;This of course creates a cascading effect, pushing prices further down than it might in a market with less leverage.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto Stocks Slumped As Bitcoin Slides to Four-Month Lows on Liquidation Fears</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrypto Stocks Slumped As Bitcoin Slides to Four-Month Lows on Liquidation Fears\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-07-05 16:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Crypto stocks slumped as Bitcoin slides to four-month lows on liquidation fears.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7883f261699c10840ba50d6ac703a2d7\" tg-width=\"270\" tg-height=\"318\"/></p><p>Bitcoin sank to a four-month low on Friday, breaking below technical supports as traders anticipated the dumping of long-lost tokens from a defunct Japanese exchange and further selling by momentum-spooked leveraged players.</p><p style=\"text-align: start;\">The price of the world&#39;s largest cryptocurrency slid more than 8% to $53,523, below chart support around $55,000 and its lowest since late February.</p><p>It has lost some 12% for the week so far, even as many of the risk-sensitive assets it tends to track, such as the Nasdaq, have gained.</p><p style=\"text-align: start;\">Ether slid 9% to $2,841, an over two-month low.</p><p style=\"text-align: start;\">Media reports said Mt. Gox, the world&#39;s leading exchange for cryptocurrencies before it collapsed a decade ago, may start returning bitcoin to creditors, who are seen as likely sellers since the token&#39;s worth was only hundreds of dollars in 2014.</p><p style=\"text-align: start;\">&#34;The selling pressure is still related to creditor selling from the failed Mt Gox exchange,&#34; Tony Sycamore, a market analyst at IG, said.</p><p style=\"text-align: start;\">&#34;However, the acceleration to the downside suggests the market is trying to get ahead of the creditor flows.&#34;</p><p style=\"text-align: start;\">Analysts have also pointed to worries over the possibility of Joe Biden being replaced as the Democrats&#39; presidential nominee by someone less pro-crypto after a shaky debate performance with rival candidate Donald Trump.</p><p style=\"text-align: start;\">Bitcoin had a strong start to the year after the launch of exchange-traded funds in the U.S., propelling it to a record $73,803.25 in mid-March. However, it has since struggled.</p><p style=\"text-align: start;\">&#34;With an asset that has been rangebound for quite a while and recently in the lower end of that range, there are plenty of margined positions,&#34; said Justin D&#39;Anethan at digital assets market maker Keyrock, which are forced to sell as prices fall.</p><p style=\"text-align: start;\">&#34;This of course creates a cascading effect, pushing prices further down than it might in a market with less leverage.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MARA":"Marathon Digital Holdings Inc","COIN":"Coinbase Global, Inc.","HUT":"Hut 8 Mining Corp","MSTR":"MicroStrategy","RIOT":"Riot Platforms"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181604200","content_text":"Crypto stocks slumped as Bitcoin slides to four-month lows on liquidation fears.Bitcoin sank to a four-month low on Friday, breaking below technical supports as traders anticipated the dumping of long-lost tokens from a defunct Japanese exchange and further selling by momentum-spooked leveraged players.The price of the world's largest cryptocurrency slid more than 8% to $53,523, below chart support around $55,000 and its lowest since late February.It has lost some 12% for the week so far, even as many of the risk-sensitive assets it tends to track, such as the Nasdaq, have gained.Ether slid 9% to $2,841, an over two-month low.Media reports said Mt. Gox, the world's leading exchange for cryptocurrencies before it collapsed a decade ago, may start returning bitcoin to creditors, who are seen as likely sellers since the token's worth was only hundreds of dollars in 2014.\"The selling pressure is still related to creditor selling from the failed Mt Gox exchange,\" Tony Sycamore, a market analyst at IG, said.\"However, the acceleration to the downside suggests the market is trying to get ahead of the creditor flows.\"Analysts have also pointed to worries over the possibility of Joe Biden being replaced as the Democrats' presidential nominee by someone less pro-crypto after a shaky debate performance with rival candidate Donald Trump.Bitcoin had a strong start to the year after the launch of exchange-traded funds in the U.S., propelling it to a record $73,803.25 in mid-March. However, it has since struggled.\"With an asset that has been rangebound for quite a while and recently in the lower end of that range, there are plenty of margined positions,\" said Justin D'Anethan at digital assets market maker Keyrock, which are forced to sell as prices fall.\"This of course creates a cascading effect, pushing prices further down than it might in a market with less leverage.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":417,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["09008","03042","03008","BTC.USD.CC","03439","BTC.USD.HKCC","09439"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":675,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/324258023092400"}