LIVEhere's an explanation of what whales like Mr.100 and Grayscale have been doing to the market
they're not stacking coins, they're profitting in a drained market, hitting stop losses and liquidating shorts before the final dip (no wonder the bears pushed back on 56.5k)
might somehow with a bigger pump reach 67k but no way it goes further
to rise, fall is needed
$BTC bull run cant start without a deep correction.
big whales and sharks know that the current market price is overpriced, not all investors are as active as Grayscale or Mr.100
most would just want to invest (stack) coins, only happens if they buy at an average price, 40k-50k
accumulation haven't even started, this's just big guys profitting along the way of a crash (bulls trap) instead of a freefall
and then profitting by buying the dip, the downtrend is still on it never stopped, this breakout is manipulated (fakeout)
longs are next,
a final correction is inevitable we just dont know how far it could go but 56k is inevitable probably 52k too
Ichimoku Cloud proves a breakdown was expected on 56.6k when it was pushed back by profit whales, breaking 56k support for retest was necessary, it would've proven BTC lost support 56k and 52k could be the next stop
couple days ago Solana based coins were targetted by whales, Meme coins were sold-off later
since yesterday its been Ethereum based
i bet the sell-off is ongoing
check my previous posts of Manipulated coins
watch out for Dollar Index it's on the way to breaking back in the Bullish Wedge
Dollar Index recovering means an inevitable crush
goodluck everyone
LIVE