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On October 13, the Korean stock market fell so fast that it had to be stopped immediately. And not just once, but several times. And on that same day, Tomle, the same person who currently holds more than 5% of all elum in circulation, did something he never does: he warned of the drops that may come in the coming months.
And just 2 days later, approximately $1 billion was liquidated and Bitcoin practically reached the $80,000 mark. And on the other hand we have Michael Sailor who says that the worst is over. You know, the same guy who told you never to sell Bitcoin, but who also recently sold it. And here comes the complicated part: probabilities tell us that one of the two will make a mistake, and if Saor is the one who makes the mistake , you'd better know before it happens.
But stay until the end because in this video I'm going to show you the three signs I use to identify who is making a mistake before everyone else. So , guys, without further ado, let's get to the video. Okay, first of all, you 're probably wondering, what does the Korean stock market literally have to do with your cryptocurrencies?
Well, it's very much related. And now I'm going to tell you what their relationship is . What sank in Korea were the companies or stocks of artificial intelligence, and what happens there is that they love to invest in a very specific way and it is leveraged, that is, with borrowed money. And what happens is that when the market turns around, that is, when starts to fall sharply, they are forced to sell to cover these losses.
And keep one thing in mind: in Korea they love to invest in cryptocurrencies. That means that when they are forced to sell to cover their losses, some of that panic is transmitted directly to cryptocurrencies. And that's precisely what Tom Lee warned about or said, and this drop in the Korean stock market is probably spreading to cryptocurrencies, especially Ethereum.
And you might ask yourself, why is all this so strange? Well, keep in mind that he owns more than 5% of the current circulating supply of Ethereum. That is to say, it has a huge amount of of it. However, there is one very interesting thing about this message, and that is that it added two keywords: short-term pain.
That means he doesn't think Etherium is finished, but that it may suffer for several weeks. And the thing is, while he himself was warning about these drops, Michael Saor appeared in Bloomberg with a completely different message. And stay because it's more important than you think. Okay, first of all, for those who don't know him, Michael Sailor is one of the largest Bitcoin owners in the world.
As of today, it has almost 850,000 units and practically 4% of the entire circulating supply of Bitcoin. And the thing is, they do n't seem to agree, because what he did was go on Bloomberg and say that we had already hit rock bottom around the $60,000 zone. with Bitcoin, what we were experiencing was a small correction and that the price of Bitcoin had to rise again to the $100,000 area.
Okay? So why is Bitcoin falling, according to Sailor? Well, he has three main theses. The first is trade policy, the second is the rise in interest rates on debt, and the third is that much of this money is going to artificial intelligence. But above all, what it says is that when there is a scare in the markets, Bitcoin falls more sharply than the markets.
Yes, it is completely normal. So we have one warning of the falls and the other saying that the worst is over, but to know which of the two is right, we have to look at what is really happening. So don't miss this. Okay, there are three main reasons why we might be seeing these price movements in cryptocurrencies .
And the first thing is inflation, which has risen in the United States to 3.7%, and that means the Federal Reserve could not only maintain current interest rates, but increase them over time. And let's be clear about one thing: expensive money has a very negative impact on cryptocurrencies. And the second thing is the issue of liquidations that I mentioned at the beginning, and that is that more than 1 billion dollars have been liquidated almost or practically at the moment and that is something that hurts a lot in all markets.
And the third thing is that institutional money is leaving ETFs. To be more specific, approximately $229 million left the Bitcoin ETF last week and about $320 million left the Etrium ETF, which is an absolute outrage. So, with all this negativity, what are the prices like? Well, they're not really doing that badly because Bitcoin is around the $82,000 zone and Ethereum is close to the $ 2,400 zone.
In other words, it's neither the catastrophe Tomle predicts nor the massive rise Michael Sailor is promising. And now the most important thing about the video is what you need to keep in mind when you listen to each of these two, because this is truly dangerous. Okay, first of all you need to understand something very important regarding this video, and that is that when a person like Tomle, who holds more than 6 million Sirius today, or like Michael Sailor, who has 850 million Bitcoin, predict a downward or upward movement, it is usually because they have something to gain in both cases.
Then you can't pay much attention to them . So instead of trusting one or the other, what I do is focus on three very important things. The first is whether Bitcoin can hold the $80,000 zone, which is an area that we managed to break through with considerable force and volume and which is currently serving as a very important support, and if we break through it, we would surely start to see significant drops .
The second thing is whether the Korean stock market and artificial intelligence stocks will calm down, because if they continue to fall with the same force or even more, Tomle's scenario would become much stronger. And the third is the Federal Reserve. And if interest rates don't continue to rise, or at least inflation doesn't start to come under control, then Tomle would be less right and Sailor could be closer to that $100,000 scenario.
Personally, I think that we have now broken through this $80,000 zone, but as it must be, and since it was an important resistance level, we have had to retest it and sooner or later we will start a new impulse to go and find the zone that Michael Sailor mentions. Okay, to sum up, Tomle is warning us of possible drops due to the contagion that the stock market falls in Korea are experiencing.
While Michael Ser is telling us that we could break the $100,000 zone again, because in this case we are starting a new upward trend, but that due to interest rates and other reasons we could be stuck in these zones for a while. But now it's your turn. Who do you think is right? Are you more of a Team Le or more of a Team Sailor?
Leave it in the comments, and if you liked this video and found it helpful, give it a like below and subscribe to the channel because I'll be following these news stories very closely. And if you're thinking about starting to invest, whether in Bitcoin or Ethereum, I'll be leaving the link in the OKX description. And with that said , see you in the next episode.
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