Look, I know many influencers will say it’s a normal market correction, but it’s not.
As I already mentioned in my earlier post, market is full of big players who trades on news.
The biggest news in 2024 was trump winning the election. Big whales were waiting for that trigger to buy bitcoins and enjoy millions of profits.
Everything was pre planned. Everyone was expecting the trigger. In fact, billionaires like Elon Musk did lobbying for the trump government.
And trump intentionally promised about bitcoin, as he knows that if he can fulfil self interest of billionaires, they will support him for free.
Now, it’s clear the that the bullish move was preplanned. Even almost all US big financial firms made bitcoins purchase easier beginning of this year.
But when someone takes entry, if he is wise, he plans for exit. Most of the big whales are just traders not investors. Means they just come when there is opportunity. Then they take away all the money.
In most cases, their exit was on 105-108k and they took exit with max profit leaving behind the bearish market.
But as I always say, I’m not a trader. I’m an investor. I don’t invest looking at chart. I invest when I feel confident about a currency/ project/stock.
Believe or not, BITCOIN IS THE FEATURE.
For everyone, please don’t panic if you are trading in spot. Even if you are trading in future but your liquidation price is below 70k, you are fine.
I would say, it’s another buying opportunity. Just wait for BTC to bounce back and then start investing.
Also, if you can, before altseason buy ETH, XRP, DOT, TRX, SOL.
If you need suggestions on a specific coin, comment it out!