I’m pretty active in group chats as I get most of my sentiment from them instead of getting it from Twitter
The reality about the current market many seem to not speak about is
THE AMOUNT OF PEOPLE SIDELINED
Here’s the thing no one likes to admit they have sold or are sidelined, mostly because of crypto culture of up only
Best time to get an idea of how many are sidelined?
- after a decent size dump followed by consolidation
That’s when people let their guard down and finally admit they have sold (because price is dropping)
Here’s the deal throughout the summer initially very few people were sidelined
But we are now reaching a point where there’s a very high amount of people with a decent amount of capital that have 50-80% of their money in stables
Believe it or not most are counting on buying the dip here in September since it’s technically the last opportunity to buy before Q4 and up only
What am here to tell you this is will be like 50000 people all arriving late to a concert trying to get in on 1 door
Hold your coins, the worst is behind, you survived the bear you survived the chop
Nothing can happen from here at this point of the cycle that is worse than what your survived before
This is what we call easy money.
Don’t be the last one sidelined.
Cozy 🫡
#CryptoMarketMoves #Binance #BitEagleNews #TON #BNBChainMemecoins