According to him, the $25,000 intraday recovery could trigger massive profit-taking due to the exchange flow spike. An increase in exchange flow usually translates to intent to sell. Sometimes, it leads to a price decline.Papi acknowledged that the macroeconomic factors and developments from the banking arm were other aspects to watch.However, it seemed that the Bitcoin trend has assured many of its faithful that neither banks nor regulators.
“The Fed has now broken precedent, turning the entire banking system into “systemically important” effectively bailing out ALL banks. The Fed has just turned into a Leveraged Lender with a strong incentive to lower rates.”
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