Here’s How Terra (LUNA) Could Trigger Bitcoin (BTC) and Crypto Market Capitulation: Macro Analyst Lyn Alden - BitcoinEthereumNews.com
Bitcoin क्रिप्टोयहां बताया गया है कि टेरा (LUNA) बिटकॉइन (BTC) और क्रिप्टो मार्केट कैपिट्यूलेशन को कैसे ट्रिगर कर सकता है: मैक्रो एनालिस्ट लिन एल्डन05 / 03 / 2022बिटकॉइन एथेरियम समाचार Macro strategist Lyn Alden believes that Terras (LUNA) recent Bitcoin buying spree could be the catalyst that triggers a capitulation event for BTC and the rest of the crypto markets. Over the last few months, the Luna Foundation Guard (LFG), the non-profit organization built to support पृथ्वी, has been aggressively जमा BTC to the tune of $1.63 billion. According to Terra founder Do Kwon, the massive Bitcoin buys are designed to back Terras native dollar-pegged stablecoin टेरायूएसडी (यूएसटी)। Now, the macro strategist बताता है their 410,700 Twitter followers that a sharp decline in LUNAs valuation might force the LFG to tap into its Bitcoin reserves to keep UST stable. “If Luna has a similar price decline to Fantom (FTM) or some of these other hard-hit cryptos, the UST peg would be at risk. If the UST peg becomes at risk, the LFG would be selling Bitcoin reserves into an already soft market. That type of event could mark a cycle capitulation.” Source: Lyn Alden/Twitter Alden also बताते हैं another risk where bearish market conditions force UST holders