The current range of $BTC seems precarious, raising questions about the intentions of the market's biggest players—whales. While Bitcoin hovers uncertainly, certain altcoins are on the rise, luring investors into reallocating their reserved dollars.
But is this merely a coincidence or part of a calculated strategy?
Speculation suggests this could be a classic whale trap. Here's how it might play out: once enough retail investors pour their funds into the market, the whales could pull Bitcoin down to a dramatic range of $85K to $90K. Such a move could trigger a market-wide crash of 20-30%, wiping out inexperienced investors while creating a golden opportunity for these whales to buy back at rock-bottom prices.
And then? The inevitable rebound. With their coffers full, the whales could drive the market upwards, reaping enormous profits as prices soar again.