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Understanding crypto
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I don't know why solana has this outlook but if you hold solana, consider de-risking yourself if you some how happen to see it at those prices.

I don't know why solana has this outlook but if you hold solana, consider de-risking yourself if you some how happen to see it at those prices.

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BTC exchange balances have been dropping since February-March as BTC price hit it's local top. This shows that whales might have been accumulating as price consolidates since then. It does also mean however, that it'll take less fire power to move BTC price both UP and DOWN. From this, one can conclude that a BTC price drop will most likely just be to shake retail off so that they (whales) can buy even cheaper BTC in preparation for a later rally.
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On the inverted SOL chart, one could make a very strong case to suggest that sol has topped. it really is either something exclusive to SOL will happen for it to dump hard or we are yet to see another bigger market drop. saying that SOL will go to huge new highs from this particular point would be hoping. Normally i'd target the (A)-(B) region. Its a really confusing situation tbh. Hopefully it defies the chart and rocket straight up instead (the current chart is inverted!)
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