Author: Finish
Compiled by: TechFlow
$BTC and other cryptocurrencies experienced their biggest correction since 2023. Why is this happening? Governments and whales are manipulating the market!
Current Market Stage - Bear Trap. This is a discussion about how whales manipulate the market to make you sell your cryptocurrencies at a low price.
First, let's look at current market sentiment.
In just 2 days, the entire CT (Crypto Twitter) turned bearish and started a crazy sell-off.
But what is the actual reason for this panic?
The two largest economies started selling their assets:
Germany transferred $175 million worth of assets and began selling them.
The United States transferred $241 million worth of Bitcoin to exchanges in preparation for sale.
Do they know something? Cryptocurrency is a bubble?
no.
Let’s go back to 2023 to prove this.
In March 2023, nearly $660 million worth of Bitcoin was sold in the United States.
People thought it was all over, but within two months, the market rebounded and reached a new local all-time high (ATH).
This is a great example of a bear trap that we can study.
Will history repeat itself?
At this point, there is no reason other than the government to sell.
Bitcoin ETFs already hold 871,000 $BTC
Ethereum/Solana ETF to start trading this year
FTX to distribute $16 billion to its customers
S&P 500 breaks new all-time high (ATH)
Web2 users have generated huge interest through memecoins and Tap To Earn games, as well as billions of TG users.
From this we can conclude that whales are always trying to manipulate you.
Instead, you should find your entry point and hold on for 5-8 months.
No matter how low we go, we will eventually break out to a new all-time high (ATH).
So the lower the price, the happier you should be!
