Many influencers are brushing off the recent drop in Bitcoin’s price as a routine market correction. But let me tell you, this isn’t just an ordinary dip—it’s part of a larger, well-orchestrated plan by big players who capitalize on major news events.
As I pointed out earlier this year, the cryptocurrency market is heavily influenced by institutional traders and high-net-worth individuals. The biggest financial trigger of 2024 was Donald Trump’s election victory. For months, institutional whales and billionaires had been waiting for this political event to fuel Bitcoin’s next big rally. This wasn’t coincidence; it was calculated. Prominent figures, including Elon Musk, actively lobbied for Trump’s government, knowing that his promises surrounding Bitcoin adoption would stimulate bullish sentiment.
Trump’s pro-Bitcoin narrative wasn’t purely ideological—it was strategic. By creating an environment that encouraged billionaire support, he secured free backing from these influential figures. At the same time, U.S. financial institutions made it easier than ever to buy #Bitcoin , simplifying access for retail and institutional investors alike. However, as the saying goes, “When big players enter, they plan their exit just as carefully.”
The whales that drove Bitcoin’s price upward had no intention of holding long-term. They were traders, not investors. Their entry points were calculated, and so were their exits. For many, their exit strategies were executed in the $105,000 to $108,000 range, allowing them to cash out with massive profits, leaving a bearish market in their wake.
What Should You Do Now?
If you’re a spot trader or a long-term investor, there’s no need to panic. Bitcoin’s fundamentals remain strong, and its long-term potential is undeniable. As I’ve always said, Bitcoin isn’t just a cryptocurrency—it’s the future of finance. These price drops, while unnerving, present golden buying opportunities for those who are patient.
For futures traders, if your liquidation price is below $70,000, you’re in a relatively safe position. The market is likely to bounce back as soon as this sell-off phase subsides. For long-term investors, this is the perfect time to strategize and wait for the next recovery phase to accumulate Bitcoin at discounted prices.
Additionally, consider diversifying your portfolio by buying promising altcoins like ETH, XRP, DOT, TRX, and SOL ahead of the next altseason. These projects have strong potential and could deliver significant returns as the market recovers.
Remember, patience is key in this volatile market. If you need suggestions on specific coins or strategies, feel free to ask. Let’s navigate this market wisely and prepare for the next bullish cycle together.
