#ChristmasMarketAnalysis New Year's Madness 馃お
Good afternoon! Looking at the current state of the market, it鈥檚 quite an interesting situation with the market in the red. Many haven鈥檛 closed their positions (myself included) and are now facing losses. I鈥檝e been buying since late 2021 and am still in the green. Personally, I think what we're seeing now could be market manipulation. My thoughts: With the New Year approaching 馃巹, it makes sense that people will sell their crypto to cash out for gifts, holiday expenses, and the like. This creates an opportunity for the whales to scoop up discounted assets, and they likely orchestrated this dip.
To prevent too many people from relaxing and profiting, the market has been pushed down. People who bought during the highs with their last savings or who are in a tough spot financially might be forced to sell their crypto to cover New Year expenses, and I鈥檓 sure there are plenty of people in that position. As a result, there鈥檚 panic selling.
However, when the market recovers and we see new all-time highs, those who sold will feel the pain of missed gains, triggering a wave of FOMO and new buying.
I want to clarify that this is just my personal opinion. I'm not a professional trader, nor a millionaire (yet 馃榿). I'm just an average Binance user and a long-term hodler.
Happy New Year x20 to everyone! 馃巹馃帄馃巺馃獏