THIS IS HOW MARKET MAKERS AND WHALES MAKES MONEY
When everyone's expecting a pump in the market, the market makers dumped it.
Let's Recap The Show:
January 2024: SEC's ETF Approval: When there was a high expectation among retail investors and news circulation that BTC's gonna pump after ETF approval, but it's price dumped from 48K to 41k. The whales and market makers gathered millions of profit, leaving retail traders in panic selling and liquidation.
March and April 2024: The crypto market was inclining gradually due to pre halving of BTC. The market makers and influencers were selling the FOMO that BTC's gonna land to the moon after halving event, and everyone's started investing in crypto. And after reaching the BTC price to their desired targets, they've made another massive selling, leaving btc from 73k to 67k and further down after halving from 67k to 60k.
And today, when Asia's first ever spot ETF approval in Hong Kong and the very first day of Spot ETF trade opened there, the giants again manipulated the market from 64k to 60k, still declining while writing this post.
So always keep an eye on whats being propagated in the news goes adverse in reality. Avoid any short or long trade, just wait and see. They're selling the news and cashing the events.
And now you'll see the gradual rise again, coz they'll start a massive buying again, a win-win situation for them, while leaving retailers in liquidation, losses and panic selling again.
