Recent Cryptocurrency Crash
If you are concerned about the recent cryptocurrency crashes, take a moment to breathe and relax. What is happening now is a classic market phenomenon known as the Wyckoff Accumulation Phase.
This is a deliberate strategy where large investors, often referred to as 'whales', accumulate assets from inexperienced traders who panic and sell, believing the market is collapsing irreversibly. Later, these assets are sold by the whales at significantly higher prices, yielding them substantial profits.
Here's how it works:
1. Initial crash and recovery: The market experiences a sharp decline, followed by a quick recovery.
2. Deeper crash: Then a deeper drop occurs, further undermining traders' confidence.
3. Continued decline: The price gradually falls to a low point, forming what is often called a 'triple bottom'.
