They make you believe there is no hope and the cycle has ended.
So much positive news is being overheard.
Why we are in Bear Trap and what comes next, full cycle overview 🧵👇
All know that whales manipulate the market.
➜ They force you to sell them your crypto for much cheaper before the real pump happens.
But how exactly are they doing this shit?
Here's a recent example:
➜ Post-halving, crypto surged; even $BTC set new ATH.
➜ Optimism for a bull market turned to a dip but stayed at support levels — many called it a "shake out."
➜ Now we've fallen to $53k, and the sentiment is that it's "Game Over"
Let's dive deeper
Germany started selling $180M worth of $BTC
➜ They transferred it to the exchanges and back many times, causing panic
➜ And sold $BTC on just $75M
➜ This news is weak for dumping BTC on 20%
So, "big heads" took advantage of the situation, to take your crypto from you👇
First, the USA sent over $241M in crypto assets to @coinbase
➜ People start panicking again, mostly holding onto their bags.
But it makes people to be on the verge of selling, and who would have thought 👇
MtGox joined the hustle and decided to return over 43k BTC to consumers hacked in 2014 at this exact moment.
➜ Clients sold only $100M/2B worth of BTC
➜ After the USA and Germany, MtGox became the go-to for selling all-people's bags bought 2-4 months ago.
What's next?
Every time, about a year before halving, crypto started growing.
➜ Once halving is completed, it still pumps, and then something makes people doubt and sell their bags before the true bull run.
$BTC rainbow chart below clearly shows how minor the current correction is on the global chart.
BTC-ETF has been approved and will bring a colossal liquidity influx this year.
➜ It already brought over $50B in liquidity into the market; imagine what would happen during a bull run.
The next factor is levels out Germany and MtGox dumping.
FTX will pay out nearly $16 billion in USD to its customers.
➜ Most of its liquidity will flow back to crypto, leading to a significant pump.
Now, let's sum it all up to get a general view.
To sum it up:
➜ Market dumping, it's a manipulation to take out your bags
➜ It may dump even harder, August is set to be even worse
➜ Slowly, we should see a bull run with alt season closer to the middle of autumn/winter
Patience is key; avoid falling for whale tricks.
THAT'S IT FOR TODAY..
#SOFR_Spike #WhaleAlert #Whale.Alert #cryptopm #BullRunAhead