Last night I thought that after a drop, I would wake up and everything would be back to normal, but after waking up, it got even messier. The US stock market led the crypto market to adjust. Recently, it was said that the big players finished accumulating Bitcoin, so Bitcoin has been rising continuously. Recently, they have been accumulating Ethereum, and once the accumulation is done, Ethereum will start driving the overall rise of altcoins.
I thought it was a consolidation phase for accumulation, but it turned out that Ethereum was stuck between 3300-4000, while Bitcoin has been fluctuating between 100000 and 92000. The big players make retail investors feel that as long as it rises to this high range, they should sell. Let's see how many more times this 'Wolf is Coming' game can be played.
Looking back at the bull market of 2021, it was also Bitcoin that kept rising first, while Ethereum remained motionless. It wasn't until January 19 that it broke through its previous high. On the 21st, it dropped 20% in a single day, collectively clearing leverage and washing out the weak hands. Then it consolidated for about a week before starting to rise again.
As for altcoins, they rose continuously for 3 months to 519, with Ethereum doubling and most altcoins increasing by ten times. The bull market ended, and the market from May to November had nothing to do with most people. I thought it could start early, but unexpectedly, I still had to wait. However, the waiting time won't be too long; at least the big players will let retail investors have a good year every year, hopefully, this year will be no exception.
