Recently, I have seen too much good news about BTC. Various listed companies in the United States are eager to plan to treat Bitcoin as a strategic reserve.
This includes some giants, such as Amazon shareholders calling on the board to consider investing in Bitcoin.
Currently, there are so many good news, not to mention next week's second interest rate cut, plus the super good news when Trump takes office on January 20. However, the BTC price has reached $100,000 and has started to decline instead of rising. What game are the main forces and the manipulators playing? Anyone who has gone through a cycle knows that the real big market has not yet started. Why is the currency price so abnormal now?
There is only one possibility, which is the repeated fluctuation goal of $100,000, aiming to wash out as many BTC at $90,000, $80,000, $70,000, and even a small portion at $60,000 as possible.
The longer BTC fluctuates below $100,000, the more chips will be washed out. After a period of fluctuation, those trading BTC in segments and those doing medium-term trades can clearly see through K-line that it is possible to engage in low buying and high selling patterns in the short term, repeating BTC's price trend when it was at $70,000, repeatedly dropping and failing to break through when rebounding (the story of the wolf coming).
Ultimately, in a strong V-shaped reversal, the price will violently rise by 10,000 points, completely shaking off this portion of people, and then quickly rising to $120,000 or above.
The reason why this BTC pullback is minimal, while altcoins have plunged by 20%, should be that the main forces intentionally lock up some funds in altcoins. This way, when BTC fluctuates, even if there is a pullback, investors holding a lot of altcoins are temporarily trapped and have no funds to allocate to BTC.
Thus, those who have fully loaded their bullets in altcoins will no longer have a chance with BTC. By the time the altcoin season starts, BTC will already be out of reach.
Thus, American capital has consumed most of the BTC at lower prices below $100,000, while others are just hoarders and old investors who are not easy to shake off. This small portion of people aligns with the market direction, so when it later rises to $120,000 or $150,000, there will be little selling pressure, making it much easier.
At this moment, you must be wondering, what is the cost of others' BTC? The result is that the average cost of the largest amount of coins must be closest to the current price, meaning that the average cost for BTC holders is always close to the current coin price.
So, you don't need to be envious or jealous of those who entered the market in the first half of 2013 or even many years ago, thinking that the cryptocurrency circle is unfairly distributing wealth based solely on the timing of entry. It's unnecessary.
I have already said, regarding holding coins, please do not trust yourself and others too much, especially in a bull market. Holding BTC without selling at all is completely impossible within four years or even in the long term. There are no early entrants who still hold those thousands of times appreciated coins, except for Satoshi Nakamoto himself.