BTC and altcoins have pulled back sharply—will you give up the chips in your hand?
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BTC and altcoins have pulled back sharply—will you give up the chips in your hand?
The lower the price, the happier you should be!
Navigating Web3 tides with focused insightsAuthor: Finish
Compiled by: TechFlow
$BTC and other cryptocurrencies have experienced their largest pullback since 2023. Why is this happening? Governments and whales are manipulating the market!
Current market phase — Bear trap. This is a discussion about how whales manipulate the market to make you sell your crypto at low prices.
First, let's examine the current market sentiment.
Within just two days, the entire Crypto Twitter (CT) turned bearish and began panic selling.
But what is the real reason behind this panic?
Two of the largest entities started selling their holdings:
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Germany moved $175 million worth of assets and began selling.
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The U.S. transferred $241 million worth of Bitcoin to exchanges, preparing for sale.
Do they know something we don't? Is crypto a bubble?
No.
Let’s go back to 2023 to prove it.
In March 2023, the U.S. sold nearly $660 million worth of Bitcoin.
People thought it was over, but within two months, the market rebounded and reached a new local all-time high (ATH).
This is an excellent example of a bear trap we can study.
Currently, there are no reasons to sell other than government actions.
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Bitcoin ETFs already hold 871,000 $BTC
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Ethereum/Solana ETFs will begin trading this year
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FTX will distribute $16 billion to its customers
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S&P 500 has broken through its all-time high (ATH)
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Web2 users are showing massive interest via memecoins, tap-to-earn games, and billions on Telegram.
From this, we can conclude that whales are always trying to manipulate you.
Instead, you should find your entry point and HODL for 5–8 months.
No matter how low it drops, we will eventually break through ATH again.
So the lower the price, the happier you should be!
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