A widely watched Cryptocurrency trader warned market participants that digital assets would fall sharply in the future.In a long message, anonymous trader and Cryptocurrency bear market Capo told his 766600 Twitter followers that he expected Bitcoin (BTC) to fall to the level of $12000 and Ethereum (ETH) to fall to between $500-700, but did not give a specific time frame
A widely watched Cryptocurrency trader warned market participants that digital assets would fall sharply in the future.
In a long message, anonymous trader and Cryptocurrency bear market Capo told his 766600 Twitter followers that he expected Bitcoin (BTC) to fall to the level of $12000 and Ethereum (ETH) to fall to between $500-700, but did not give a specific time frame.
Although the assets of Cryptocurrency have risen this year, the strategist is still bearish on Cryptocurrency assets. He also said that he expected the counterfeit coins to surrender, resulting in more than half of their value loss.
Capo stated that many counterfeit currencies have shown signs of weakness or have retreated from this year's gains and are set to hit new lows.
The trader said that he was establishing short positions on some Cryptocurrency assets, including BNB, Solana (SOL) and Polygon (MATIC), which were recently accused by the U.S. Securities and Exchange Commission (SEC) as securities.
The post of Cryptocurrency bear market calling for sharp drop of Bitcoin (BTC) and Ethereum plus counterfeit currency first appeared on TheDailyHodl.
Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])
