Today, the matter regarding Buffett's cash-out has come to a conclusion. Everyone has been saying that each time he cashes out, it is accompanied by a financial crisis, but this time is different. He converted his 1,600 shares of Class A stock into 2.4 million shares of Class B stock, and then donated these Class B shares to four family foundations, while leaving 0.5% of his personal wealth, amounting to approximately $750 million, to his three children.
In the past, the Thanksgiving market often experienced early declines, similar to how we withdraw some money before the New Year to make preparations. The overall trend of the bull market remains unchanged, and every pullback is actually a good opportunity to buy the dip. Friends trading on short-term swings may be more concerned about these fluctuations, but from a long-term investment perspective, the bottom on the weekly chart has basically been confirmed, so there is no need to worry too much.
As for the altcoins later on, they will definitely rise along with the trend of ETH. In fact, since the big bullish candle on the 21st, it can be clearly felt that the performance of altcoins has been much stronger than that of Bitcoin. However, the timing is not yet right, and it is expected that a major market movement will occur in the last one or two weeks of December. The more torturous the wait now, the crazier the bull market will be afterward. Let's look forward to it together!