ilmscore | Bitcoin Price Crash Explained: How $19B in Liquidations Destroyed the Market

Predictions from this Video

Total: 15
Correct: 1
Incorrect: 10
Pending: 3
Unrated: 1
Prediction
Topic
Status
JP Morgan predicted Bitcoin to reach $165,000, and Standard Chartered predicted $200,000.
"JP Morgan came out with a 165k prediction and standard charted 200K."
BTC
Incorrect
Benjamin Cowen predicts Ethereum will reach a new all-time high.
"next stop is an all-time high for Ethereum."
ETH
Incorrect
Ethereum may experience a V-shaped recovery similar to the post-COVID period, potentially reaching $4,800 from $90.
"we could see a kind of V-shaped recovery like we saw after COVID. I'll remind you then that ETH went from around $90 to $4,800."
ETH
Incorrect
Historical patterns suggest Bitcoin could rebound by up to 21% within seven days.
"Bitcoin slump may rebound up to 21% in seven days if history repeats."
BTC
Incorrect
Peter Schiff predicts a potential drop in Ethereum to $1,500 if it breaks support at $3,350.
"As bad as Bitcoin looks, Ethereum looks even worse. Oh, he's whailing on Ethereum now. While Bitcoin is only down about 10% from its record high price in US dollars, Ether is down 21%. I mean, these are great insights, Peter. Thank you for sharing this. Um, if it breaks support around 3,350, a quick move down to 1500 is a real risk. Get out now."
ETH
Incorrect
Crypto Rich Rick predicts Bitcoin will return to over $120,000.
"Crypto rich Rick will go back to 120K plus."
BTC
Incorrect
The speaker anticipates higher Bitcoin prices, though acknowledges a potential dip to around $109,000 is possible.
"I I'm looking for higher prices. Now, that doesn't mean that we can't come back down to maybe like 109,000 for Bitcoin or something like that."
BTC
Incorrect
Ethereum, along with Bitcoin, demonstrates strong demand and liquidity, suggesting resilience and potential for recovery.
"These alts went down 50 60 70 80% 90% right? But Bitcoin and Ethereum, these are the only ones that clearly have massive amounts of demand and and enough liquidity to actually soak that demand up, right?"
ETH
Unrated
Naval Ravikant suggested Zcash could be the 'new Bitcoin,' implying significant future adoption or value.
"Zcash is the new Bitcoin or something like that."
ZEC
Incorrect
Grayscale has filed for a trust product for Tao, indicating institutional interest and potential price support.
"Grayscale um has just filed for a tow trust."
TAO
Incorrect
A Beijing-backed investment bank is raising $600 million to establish a BNB fund, signaling significant investment and potential growth for the BNB ecosystem.
"China Renaissance, a Beijing backed investment bank um raising $600 million to establish um a BNB fund."
BNB
Incorrect
A leverage flush could lead to an organic rally in altcoins, suggesting that the recent deleveraging event could be beneficial for the long-term health of altcoin markets.
"we could have now an organic rally in altcoins. There there is a there is a definite there is a definite argument to be made that you know a leverage flush is a good thing in the long run you know and we kind of need a little bit of blood letting you know just get it out"
Altcoin Market Prediction
Pending
Tom Lee views the current pullback as a buying opportunity, suggesting that the market will rebound unless there's a fundamental structural change.
"So, guys, when in doubt to zoom out, eh, I mean, it's true. He's still in a car and he's not walking. He hasn't had to get out and crawl. So, that's good. Um, well, let's have a look at what some other people are saying. Uh Tom Lee um who's become one of crypto's main characters this cycle. He says quote this pullback is a buying opportunity unless structural change will see the market close but rebound."
Altcoin Market Prediction
Pending
A rally is expected, but it won't be a broad altcoin season. Some altcoins and Ethereum are predicted to rally, with ETH potentially reaching new all-time highs due to rotational shifts and ETF access.
"I think will rally, but it's not going to be broad. It's not going to be the altcoin season we once had. All these people that are crowing about altcoin seasons coming, get ready, get ready. We're going to see some alts rally and we're going to see ETH going back above all-time highs again given the that it's the closest from the rotational shift from Bitcoin and indeed some of the other altcoins that are going to get access through these ETFs."
Altcoin Market Rally Prediction
Pending
Reset funding rates may allow for continued altcoin rallies without the pressure of speculative leverage, potentially leading to an organic altcoin rally.
"it's also now showing that because a lot of the funding rates have been reset, we can potentially continue the rallies in altcoins without these speculative uh per funding rates being extremely high and as a result holding up all the leverage in the system. So one could say we could have now an organic rally in altcoins."
Altcoin Market Reset
Correct