Famous Bitcoin supporter and master investor Fred Krueger presented a theory that reveals the reason for the decline in Bitcoin.
Fred Krueger posted on Twitter on March 17: in sharingBitcoin 73 thousand dollars lived from the levels 8 thousand dollars He produced a theory that could be the reason for the decline.
Master investor is a major fund’s biggest institutional Bitcoin whale in MicroStrategy’s shares. At the same time that you opened a short you bought bitcoin told. While the fund expects MicroStrategy shares to fall Bitcoin price It is stated that he hopes it will rise.
In both buying and selling one billion dollars It was stated that this process was stopped on Friday. Krueger then mentioned funding to exit two different trades Bitcoins in hand you had to sell And Therefore, there is a downward pressure on the price He said it happened.
Stating that liquidations were triggered with the $ 1 billion Bitcoin sale, Krueger stated that small Bitcoin holders made sales throughout the week.
According to CoinGecko data Bitcoin in the last week 6.4% depreciation while writing with From $66,920 is being traded.