Current Market Trends
It seems like the majority of traders are pulling out their money because of the recent news about Warren Buffett.
Buffett, the "king of stocks" with nearly $250 billion in holdings, has sold off all his stocks. This massive sell-off has the potential to trigger a market dump, especially amid the escalating Iran-Israel tensions. However, it's worth considering that the market has shown resilience in the past, notably during the Russia-Ukraine conflict, which was much closer to Europe and more severe, yet the market bounced back.
So, why did Warren Buffett sell his stocks? Simply put, he capitalized on the profits from the bull run and is likely to re-enter the market once BTC hits the bottom, ready to make billions again. This strategy is a classic move by big whales.
