The descending warning; Why can the initial supply of Circle Stocks initiates the fall of Bitcoin?
Ignas, an analyst, cited the initial offering of Kevinbis’s shares in April, that the eve coincided with the historical peak of Bitcoin ($ 6,000), but then the market eered a 5 % descending rally.
Research by the 4x Research company also shows that the supply of bitcoin ETFs, the start of future trading on the CME stock exchange and other similar eves, often associated with price ceilings.
These eves usually attract the atteion of institutional and micro investors. With the iroduction of capital io the market, prices rise. But after reaching the peak, profit harvesting and price correction begins, often leading to a sharp decline in bitcoin value.
In this regard, analysts warn that the initial supply of Circol’s shares, known as an importa milestone in the crypto industry, may be another warning signal.
