{"id":16893,"date":"2022-01-21T17:07:01","date_gmt":"2022-01-21T16:07:01","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=16893"},"modified":"2022-01-21T17:07:12","modified_gmt":"2022-01-21T16:07:12","slug":"ceo-keith-mccullough-explains-why-bitcoin-crashed-to-37k","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ceo-keith-mccullough-explains-why-bitcoin-crashed-to-37k\/","title":{"rendered":"Hedgeye Risk Management CEO Keith McCullough Explains why Bitcoin Crashed to $37K"},"content":{"rendered":"\n
Hedgeye Risk Management CEO Keith McCullough claims that the Bitcoin <\/a>bubble is bursting now that the cryptocurrency has entered the Quad 4 phase<\/h5>\n\n\n\n
\"Hedgeye
Hedgeye Risk Management CEO Keith McCullough Explains why Bitcoin Crashed to $37K<\/figcaption><\/figure>\n\n\n\n

Keith McCullough Explains why Bitcoin Crashed to $37K<\/h2>\n\n\n\n

Bitcoin<\/a>, the most popular cryptocurrency, is battling to recover and is losing ground. On the Bitstamp exchange, it has now dropped to a new intraday low of $37,683, the lowest level since early August.<\/p>\n\n\n\n

\"Hedgeye
Hedgeye Risk Management CEO Keith McCullough Explains why Bitcoin Crashed to $37K. Image by\u00a0tradingview.com\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/em><\/figcaption><\/figure>\n\n\n\n

After recovering to $43,500 on Jan. 20, Bitcoin has lost nearly 13% in just 24 hours. Over the last day, $909 million worth of cryptocurrency has been liquidated.<\/p>\n\n\n\n

The stock market in the United States is set to have another rough day, with futures in the red, as investors react to the Federal Reserve's increasingly hawkish stance.<\/p>\n\n\n\n

Hedgeye Risk Management CEO Keith McCullough explains that Bitcoin topped out in November and then broke the trend before entering Quad 4\u00a0in\u00a0late December<\/use><\/svg><\/span><\/a>.<\/p>\n\n\n\n

He tweeted last week that he was out of Bitcoin and other risky assets based on momentum.<\/p>\n\n\n\n

Hedgeye Employs its Proprietary Growth, Inflation, Policy (GIP) Model <\/h2>\n\n\n\n

To gauge market sentiment and forecast asset returns, Hedgeye employs its proprietary Growth, Inflation, Policy (GIP) model. It is separated into four economic regimes (quads), with Quad 4 indicating the most negative conditions (slowing inflation and slowing words).<\/p>\n\n\n\n

Because the model isn't flawless, McCullough's statements should be taken with a grain of salt. <\/p>\n\n\n\n

After famously selling his entire Bitcoin stash<\/use><\/svg><\/span><\/a> for $10,000 in early October, the analyst became a target of ridicule within the cryptocurrency community, claiming that the Bitcoin community was driven by narratives and emotion rather than math. <\/p>\n\n\n\n

This occurred just before the top cryptocurrency quadrupled in value in a matter of months. To keep track of McCullough's ill-timed trade, a separate Twitter account was set up.<\/p>\n","protected":false},"excerpt":{"rendered":"

Hedgeye Risk Management CEO Keith McCullough claims that the Bitcoin bubble is bursting now that the cryptocurrency has entered the Quad 4 phase Keith McCullough Explains why Bitcoin Crashed to $37K Bitcoin, the most popular cryptocurrency, is battling to recover and is losing ground. On the Bitstamp exchange, it has now dropped to a new […]<\/p>\n","protected":false},"author":29,"featured_media":16894,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-16893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/01\/Hedgeye-Risk-Management-CEO-Keith-McCullough-Explains-why-Bitcoin-Crashed-to-37K.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/16893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=16893"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/16893\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/16894"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=16893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=16893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=16893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}