LIVELet's understand why are the recent CRYPTO PUMPs and DUMPs happening?
It's true that the current market situation is a completely bullish run but why is it not taking off as expected and suggested by so many experts?
The reason is Market Whales. Whales are those traders who have millions and billions of investment inside the trading market. Unfortunately they have a great hold over how the market behaves. They play with the fears of the smaller and day traders while they play bigger hands in longer time frames.
Right now they are trying to scare of all the smaller traders in order to create an artificial dump. This dump will cause the prices to go down further. The smaller traders who play on stop-loss policy will try to stop their losses and exit from he market making it favourable for whales to put their money in. Once the volume goes up, the first increase in price will occur and all the smaller traders with fear of missing out will get new positions thus increasing the demand and volume further.
Whales are doing this to rip smaller traders of their money and increase their own share of the bull run while also earning from the early losses of the smaller fish and later leveraging them to surge up the prices in the bull run
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