Is Bitcoin Replay the Script of Ethereum at 1300? Wall Street's Manipulation Tactics Are Exactly the Same
As I watch Bitcoin's consolidation this time, it increasingly resembles Ethereum's drop from 3000 to 1300 three years ago.
How did ETH perform back then? It wobbled down from its high, with early investors who made big money (ancient whales) and early players from the ICO boom gradually throwing away their chips. Wall Street silently took over for a year and a half, almost absorbing all the liquid chips. Once they were stuffed, ETH was able to rise again, starting the next round of market activity.
Here comes the key point: What fundamental changes happened with ETH back then? Layer2 was unused, the mainnet was still quiet, just as it was, yet it could still rise.
Isn't Bitcoin just mirroring that now? After such a long consolidation, some say "it can't rise anymore," while others say "it's not as good as US stocks, gold, or A-shares."
You think you're avoiding risks, but they're secretly picking up the chips you throw away. Once the washout ends, when the next wave of rise comes, you might already be out.
Back then, ETH's fundamentals didn't change, and it could still rise. Now, Bitcoin's ecosystem development will only get better. So this round of consolidation, I tend to think it's Wall Street replicating history—accumulating chips, washing out, then pushing up again.
Do you think this wave is the same script?
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