There's a misconception that the current market downturn is tied to MtGox, but the reality is quite different. MtGox will gradually return tokens over the next three months, with exchanges holding them for an additional 90 days. This means the final refunds won't hit the market for about six months, amounting to around 800 coins daily. However, this is negligible compared to the daily trading volume of $40-50 billion.

The recent price drop isn't a result of a massive dump, but rather a healthy correction. It's important to note that Germany's sale of BTC is also relatively minor. With this context, I remain optimistic. I foresee a potential dip below $50,000 before Bitcoin's price rebounds, possibly reaching around $100,000 by year-end.

I'm staying calm and using this opportunity to increase my $BTC holdings. Additionally, I'm exploring investment opportunities in other promising coins like $SOL and $PEOPLE . If prices drop further by 10-20%, I plan to capitalize on buying opportunities. This strategy reflects a cautious yet optimistic outlook amidst current market dynamics.

#Write2Earn! #BinanceTurns7 #BinanceTournament #ETH_ETFs_Approval_Predictions #CPIAlert