The Gug Letter

The Gug Letter

Unpacking the Dip

let's take a look

Joe Guglielmucci's avatar
Joe Guglielmucci
May 22, 2021
∙ Paid
1
Share

In Today’s post, we are going to unpack the rather large dip we have seen across the crypto market as a whole.

The last week have been a sea of red as a result of Bitcoin dropping to a local low of $30k from what looked like solid support at the $41k price area. The 27% drop was fast and furious and resulted in liquidations worth $8.09 Billion in the la…

Keep reading with a 7-day free trial

Subscribe to The Gug Letter to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 Joe Guglielmucci
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture