Been watching BTC and DOGE closely since Musk’s latest tweets started making rounds again.
Seems like every time he mentions crypto the whole market either pumps or dumps within hours. Anyone else notice this pattern getting stronger or weaker lately?
Market reacts less to his tweets now compared to 2021 peak. Bitcoin barely moves 2-3% versus the 10-15% swings we saw before.
DOGE still gets volatile but the moves fade faster. Most serious traders ignore the noise now. Retail still follows but with less capital than before.
If you trade these moves, set tight stops. The pumps rarely hold past 24 hours.
DOGE still jumps but BTC mostly ignores him now. Market learned not to overreact.
Pattern weaker now than 2021 but still moves DOGE hard.
The influence definitely dropped off but I still see quick spikes in volume when he posts something crypto related.
What I notice is the initial reaction happens fast but then gets sold into pretty quickly by traders who know the pattern.
BTC has gotten more resistant to single person influence as institutional money came in. DOGE still moves because it has that meme connection but even those moves are getting smaller.