đ Why is Bitcoin Dropping? Letâs Dive In!
Many will tell you itâs just a ânormal market correction,â but letâs cut through the noiseâitâs not that simple. đ§
As I mentioned earlier, the crypto market is heavily influenced by big players (aka whales) who capitalize on news-driven triggers. đđž The biggest catalyst in 2024? Trumpâs election win.
Hereâs the play:
Whales were waiting for this exact moment to pump Bitcoin prices and rake in massive profits.
Billionaires like Elon Musk backed the Trump administration, knowing promises about Bitcoin would serve their interests.
With strategic lobbying, financial firms made Bitcoin purchases easier at the start of the year, creating a perfect setup.
đ Now, the whalesâ exit plan:
Most big players are traders, not long-term investors. They entered the market around $70k and planned exits between $105k-$108k, locking in profits and triggering a sell-off.
This led to the current bearish trend, leaving retail investors in panic mode.
But hereâs my take: Donât panic. đĄ
Iâm an investor, not a trader. I invest when I believe in the long-term potential of a project, not short-term charts.
Bitcoin is the futureâperiod. đđ
đ What should you do?
If youâre trading spot, relax. If your liquidation price in futures is below $70k, youâre still safe.
Treat this as a buying opportunity. Wait for BTC to stabilize, then consider reinvesting.
đ„ Also, look out for altseason! Coins like ETH, XRP, DOT, TRX, and SOL could be game-changers. If you need help with specific coins, drop a comment!
P.S. Donât miss out on Airdrop opportunitiesâcheck the pinned comment for more details.
đŹ Whatâs your strategy during this dip? Let me know!
