11/11/2024

#BTC☀ has continuously surpassed ATH. Everyone is rushing into the market with a vision of 100K. But it seems that no one cares where the money is coming from. Can we really increase trillions of dollars into the market that easily?

Marketcap shows that the market cap of BTC is over 1600B, and the market cap has risen to over 2700B. But that is calculated by price multiplied by total supply; we can call it cap after dilution. Price can be created by manipulating the actual circulating supply and trading to drive the price up. For example, I have 21M BTC but only 50k BTC is currently being traded on the exchange, it is entirely possible to easily drive the price up to my desired level with just a few billion dollars.

People are too excited and rushing in with future orders worth thousands, tens of thousands, or even hundreds of thousands of dollars. I see liquidation orders in the millions or tens of millions of dollars.

What I want to say is that the current growth is just like a balloon being inflated rapidly; it could burst at any time.

Be responsible for your own wallet. The market does not operate based on expectations; it was born to take money from a large number of people and flow into the pockets of a few. Stay alert!!!

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