Dips
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$BTC
Bitcoin #Whales Bought 47,000 BTC Worth $2.7Bn While Prices Tanked Below $57,000
Bitcoin's drop below $60,000 marked a departure from its previous trend. This decline led to the liquidation of numerous leveraged long positions, amounting to hundreds, if not billions, of dollars.
Following this market contraction, the price of BTC entered a range last observed in early March. During that period, BTC was poised to surge to new record highs, with initial targets set at $70,000.
However, the current scenario has taken a different turn, causing distress among investors. The reaction varies depending on one's position: speculators have been shaken out of the market, while long-term holders (HODLers) are considering increasing their holdings by buying more during price dips.
Bitcoin Whales Are Seizing Opportunities During BTC #Dips
Despite the downward pressure on Bitcoin, whales are capitalizing on the situation. Ki Young Ju, the founder of CryptoQuant, highlighted that whales acquired over 47,000 BTC within just 24 hours after the dip.
Coincidentally, this buying spree by whales coincided with a stabilization in BTC prices, which rebounded from the lows of $56,500 on May 1, inching closer to the resistance level at $60,000. The infusion of new capital may explain the sudden respite in selling pressure, leading to price stabilization.
While this development is encouraging for bullish sentiments, the anonymous nature of BTC transactions makes it challenging to identify the entities behind this accumulation. What's evident is the surge in demand during price dips.
This surge notably occurred as investors in spot Bitcoin exchange-traded funds (#ETFs) rushed to exit their positions, offloading assets worth over $478.22 million. This selling pressure coincided with whales acquiring 47,000 BTC, which, despite its scale, had an insignificant impact on prices, ultimately leading to a price rise.
However, until fresh data confirms sustained demand, BTC prices are likely to remain stagnant, struggling to breach the critical $60,000 level.
Bitcoin #Whales Bought 47,000 BTC Worth $2.7Bn While Prices Tanked Below $57,000
Bitcoin's drop below $60,000 marked a departure from its previous trend. This decline led to the liquidation of numerous leveraged long positions, amounting to hundreds, if not billions, of dollars.
Following this market contraction, the price of BTC entered a range last observed in early March. During that period, BTC was poised to surge to new record highs, with initial targets set at $70,000.
However, the current scenario has taken a different turn, causing distress among investors. The reaction varies depending on one's position: speculators have been shaken out of the market, while long-term holders (HODLers) are considering increasing their holdings by buying more during price dips.
Bitcoin Whales Are Seizing Opportunities During BTC #Dips
Despite the downward pressure on Bitcoin, whales are capitalizing on the situation. Ki Young Ju, the founder of CryptoQuant, highlighted that whales acquired over 47,000 BTC within just 24 hours after the dip.
Coincidentally, this buying spree by whales coincided with a stabilization in BTC prices, which rebounded from the lows of $56,500 on May 1, inching closer to the resistance level at $60,000. The infusion of new capital may explain the sudden respite in selling pressure, leading to price stabilization.
While this development is encouraging for bullish sentiments, the anonymous nature of BTC transactions makes it challenging to identify the entities behind this accumulation. What's evident is the surge in demand during price dips.
This surge notably occurred as investors in spot Bitcoin exchange-traded funds (#ETFs) rushed to exit their positions, offloading assets worth over $478.22 million. This selling pressure coincided with whales acquiring 47,000 BTC, which, despite its scale, had an insignificant impact on prices, ultimately leading to a price rise.
However, until fresh data confirms sustained demand, BTC prices are likely to remain stagnant, struggling to breach the critical $60,000 level.
Here's Your Playbook to Make The Most Out of The Dips📉
Real wealth is created during correction phases, like now.
But no one explains how to profit from it.
Everyone just says "buy the dip"
No one shares HOW... But not me.
Here's your playbook to make the most out of the dips.
➮ We are currently in a period of consolidation, and our main goal is to survive
Those who do this will emerge as winners from this bull run
The key to this is actively buying the dip and positioning urself correctly
Here is my ultimate playbook on how to do this:
1/➮ No higher-risk plays for now
During such corrections, taking significant risks can lead to losing your portfolio
So, limit this to no more than 3% of your portfolio
It's better to focus on low/mid risk plays
2/➮ Stables
Keep 30% to 60% of your portfolio in stablecoins
They are necessary to reduce volatility
Also, it will allow you to buy the dip at the right moment.
3/➮ No money to buy the dip - Get a Web3 job
If you don't have the funds to actively build positions, find a Web3 job
These periods last 4-6 months, giving you enough time to build a minimal portfolio
Especially with many job opportunities available now
4/➮ Upgrade ur skills while the market is boring
This is what separates winners from losers
Those who research and actively learn new things while the market is boring will emerge as winners in this cycle
Here are some skills:
- Coding
- Video Editing
- Copywriting
5/➮ About how to buy the dip
✧ This means buying at the lowest price, but there is a question: how can anyone predict the lowest price?
✧ The answer is simple - no one can
✧ But we can get as close as possible to it with a strategy:
6/➮ To get as close as possible to "buy the dip," you need to know the answer to 3 questions
✧ When do we need to buy?
✧ What do we need to buy?
✧ How do we need to buy it?
Let's dive in👇
7/➮ When do we need to buy?
✧ The usual pattern of all bull runs is: halving -> 18 months -> ATH
✧ We can divide this entire period into:
Stage 1 - Buying
Stage 2 - Fixing
Here is a rough chart with these stages
8/➮ Buying & Fixing
✧ Stage 1- Dip buying season, which usually lasts 14 months, and our task is to accumulate our positions
✧ Stage 2 - The market is close to its peak, and we begin to secure our profits
9/➮ What do we need to buy?
To make the biggest profit we need to find undervalued alts
But also remember about risks:
High mc = lower risk
Low-mid mc = higher risk
Choose according to your risk management and portfolio
10/➮ Undervalued alts are often in the price discovery stage
They can be either high-caps or low-caps
You can also add positions in $BTC/$ETH to reduce the volatility of your portfolio
11/➮ How to buy?
✧ Buying the dip is a complex process
✧ We can't just take all the money and buy a token cause you risk not actually buying the dip(the price may go lower)
✧ That's exactly why we will use the cost-averaging strategy for buying
Let me explain👇
12/➮ The cost-averaging strategy simply means buying with parts making the average buy price as low as possible
✧ $1k portfolio example:
1st buy - $100
2nd buy - $200
3rd buy - $300
4th buy - $400
Feel free to change the numbers
13/➮ But when exactly to buy?
The easiest way is to buy each time $BTC drops by 5-7%, remember that alts are this time drop by 10-15%
Once again, remember that u're free to change % as you want according to your strategy
14/➮ Let's sum up everything:
Checked if we are in dip buying season - > Checked if the alt is still undervalued
Then use cost-averaging strategy:
BTC -5% = buy for $100
BTC -5% = buy for $200
BTC -5% = buy for $300
BTC -5% = buy for $400
Now you actually buying the dip
➮ Liked this article? I write educational articles daily, so don't forget to ✧ Follow me @BitEagle News
#BitEagleNews #MtGoxJulyRepayments #BullRun #Dips
But no one explains how to profit from it.
Everyone just says "buy the dip"
No one shares HOW... But not me.
Here's your playbook to make the most out of the dips.
➮ We are currently in a period of consolidation, and our main goal is to survive
Those who do this will emerge as winners from this bull run
The key to this is actively buying the dip and positioning urself correctly
Here is my ultimate playbook on how to do this:
1/➮ No higher-risk plays for now
During such corrections, taking significant risks can lead to losing your portfolio
So, limit this to no more than 3% of your portfolio
It's better to focus on low/mid risk plays
2/➮ Stables
Keep 30% to 60% of your portfolio in stablecoins
They are necessary to reduce volatility
Also, it will allow you to buy the dip at the right moment.
3/➮ No money to buy the dip - Get a Web3 job
If you don't have the funds to actively build positions, find a Web3 job
These periods last 4-6 months, giving you enough time to build a minimal portfolio
Especially with many job opportunities available now
4/➮ Upgrade ur skills while the market is boring
This is what separates winners from losers
Those who research and actively learn new things while the market is boring will emerge as winners in this cycle
Here are some skills:
- Coding
- Video Editing
- Copywriting
5/➮ About how to buy the dip
✧ This means buying at the lowest price, but there is a question: how can anyone predict the lowest price?
✧ The answer is simple - no one can
✧ But we can get as close as possible to it with a strategy:
6/➮ To get as close as possible to "buy the dip," you need to know the answer to 3 questions
✧ When do we need to buy?
✧ What do we need to buy?
✧ How do we need to buy it?
Let's dive in👇
7/➮ When do we need to buy?
✧ The usual pattern of all bull runs is: halving -> 18 months -> ATH
✧ We can divide this entire period into:
Stage 1 - Buying
Stage 2 - Fixing
Here is a rough chart with these stages
8/➮ Buying & Fixing
✧ Stage 1- Dip buying season, which usually lasts 14 months, and our task is to accumulate our positions
✧ Stage 2 - The market is close to its peak, and we begin to secure our profits
9/➮ What do we need to buy?
To make the biggest profit we need to find undervalued alts
But also remember about risks:
High mc = lower risk
Low-mid mc = higher risk
Choose according to your risk management and portfolio
10/➮ Undervalued alts are often in the price discovery stage
They can be either high-caps or low-caps
You can also add positions in $BTC/$ETH to reduce the volatility of your portfolio
11/➮ How to buy?
✧ Buying the dip is a complex process
✧ We can't just take all the money and buy a token cause you risk not actually buying the dip(the price may go lower)
✧ That's exactly why we will use the cost-averaging strategy for buying
Let me explain👇
12/➮ The cost-averaging strategy simply means buying with parts making the average buy price as low as possible
✧ $1k portfolio example:
1st buy - $100
2nd buy - $200
3rd buy - $300
4th buy - $400
Feel free to change the numbers
13/➮ But when exactly to buy?
The easiest way is to buy each time $BTC drops by 5-7%, remember that alts are this time drop by 10-15%
Once again, remember that u're free to change % as you want according to your strategy
14/➮ Let's sum up everything:
Checked if we are in dip buying season - > Checked if the alt is still undervalued
Then use cost-averaging strategy:
BTC -5% = buy for $100
BTC -5% = buy for $200
BTC -5% = buy for $300
BTC -5% = buy for $400
Now you actually buying the dip
➮ Liked this article? I write educational articles daily, so don't forget to ✧ Follow me @BitEagle News
#BitEagleNews #MtGoxJulyRepayments #BullRun #Dips
