Who is buying the dip?

While the cryptomarkets are seeing volatility and have seen price dips, there has been a significant increase in volumes traded. #bitcoin #ethereum and #Solana all have increased daily volumes even in these market conditions and easily account for 80% of total volume traded. As a retail trader you have to ask the question " if I am selling - who's buying these?". Perhaps it's the new institutional buyers or perhaps it's new crypto traders who are entering the market after hearing about the possible #bitcoin ETF approval. Doesn't matter who is buying - we have all seen historically the sellers are going to lose in the long run.

With the ETF approval all but certain with analysts saying it's a 90% possibility this week, Bitcoin halving in a couple of months and interest rates scheduled to decrease around the world during 2024 - there has never been a better time to HODL.

Happy trading my friends and I hope you make plenty of gains. If you are not following me yet - please click follow. Cheers to all !!

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