$Grayscale Litecoin Trust (LTC)(LTCN)$
BTC dipped below $82,000 💸
The dip is probably caused by the funds from the hack (probs swaps to Eth and btc and selling off all in one go) + Solana vesting.
They will target those w highest liquidity and btc being the highest liquidity will be the target.
And Stolen Funds + Fud selling is causing the current dip. Bound to happen, since the funds has not been recovered and the biggest heist so far. It’s still being laundered on Thorchain.
With that in mind and the hackers themselves, they can cause the btc to dip. So when you are selling and causing things to dip, what happens?
You short it as well?
Then, after you fully liquidated the stolen funds. You ‘long’ it back, with leverage ….. and then sell it. So it’s a multiple rounds of profits.
Every problem presents an opportunity. Can go either way. DYOR and act accordingly. Not financial advice.
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