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Cryptocurrencies are no longer a niche – nearly 13% of Bulgarians have invested in or traded with them (Eurobarometer data, 2023). Besides opportunities for profit and risk of loss, crypto also brings tax obligations. Here’s what we need to know according to the practice of lawyers and tax experts.

There's ONLY 1 reason BTC isn’t $200K yet
Old whales keep selling every pump since $60K
I studied their psychology and on-chain moves
Here’s their plan and what's coming next

Main question:
If the market has so many opportunities and potential right now why isn’t $BTC already at $200k?
Answer:
Old whales keep selling every pump
But this cycle can finally change that and make $BTC at $200k a reality

Old whales see the market completely differently
They entered before 2017 when the market was a whole other story
Back then $20k per 1 $BTC was a dream and $60k was unreal
For them every pump is a chance to lock in profit that looked impossible

Their psychology is very primitive since they remember the 2018 and 2022 dumps
At that time an 80% dump was totally normal
Now every pump reminds them a dump can come anytime and that’s risk
They sell because they fear losing big like in 2018 and 2022

On-chain data confirms it:
- old wallets sell on every move up
- sales match with local tops
Their sales slow the market a bit but remember just a BIT

First key thing: they don’t sell everything at once
They split sales into chunks but it’s not DCA
They split sales so they don’t nuke the market instantly
That’s why you see only small pullbacks compared to the growth
This isn’t chaos or retail panic - this is olds in action
But this cycle has factors that completely change the game:
- institutions
- ETF
- state reserves
They are the first ones scooping up every dip

So we’ve got a new bull dynamic:
- old whales sell from fear
- institutions instantly buy the dip
It’s better for them since they buy cheaper
Add their long-term mindset to this
This is the best outcome the market could ask for

Don’t forget $BTC supply is capped
What big players buy won’t be sold for a very long time
That creates long-term scarcity
Meanwhile demand is growing like crazy
And that’s the open road to 1 $BTC = $200k

You need to realize whale bags aren’t infinite and one day these sales end
That moment will mark the start of unstoppable growth
Because only long-term whales will be left in the game
Institutions with ETFs will be the ones writing the new rules
Today old whales still hold part of the market under control
They don’t realize they’ve been handed the verdict that triggers the bull run
The market will be run by those who aren’t afraid to wait and step into the unknown
$BTC at $200k isn’t a prediction, it’s a matter of time

#BNBBreaksATH #BinanceHODLerHOLO #AITokensRally #PPIShockwave #AltcoinMarketRecovery $SUI

$XRP
$SOL

SHORT WORDS: $BTC is following Samuel Benner’s legendary financial cycle chart (1875), which marks 2026 as a “B” year – Good Times, High Prices, Time to SELL.
🔹 Current bullish uptrend aligns perfectly with the cycle prediction
🔹 Past “A” years = panics, “C” years = accumulation (2023–2024 buying zone)
🔹 Next stop: Euphoria & Peak Valuation in 2026
🔹 Technicals + Time Cycles = Edge & Alpha
How the Benner Chart Works:
Line A: Panic years (market crasheIs).
Line B: Boom years (best time to sell assets).
Line C: Recession years (prime for accumulation and buying).
⚡ Smart money doesn’t chase pumps—they follow the cycle.

DETAILS:
The Benner Cycle is a 19th-century market theory, adapted by some crypto investors, that suggests market crashes and peaks occur in predictable cycles. While it has shown some alignment with past major market events, its accuracy for modern crypto markets is widely disputed. 
What the Benner Cycle is
Origin: Developed in 1875 by Samuel Benner, an Ohio farmer and businessman who lost his wealth in the Panic of 1873.
Mechanism: Based on his observations of recurring cycles in agricultural commodity prices, Benner created a forecast chart extending to 2059.
Phases: The cycle divides market history into three repeating phases:
Line A (Panic Years): Periods of market crashes. Some analyses suggest Benner predicted a panic year in 1927, near the 1929 Great Depression, and 1999, which aligned with the dot-com bubble.
Line B (Boom Years): Periods of high prices, considered the best time to sell assets. Recent interpretations suggest 2026 is a potential boom year for crypto.
Line C (Hard Times): Periods of low prices and recession, considered ideal for buying or accumulating assets. For example, 2023 was widely seen by Benner proponents as a good year to buy crypto. 
Why investors use it for crypto
Alignment with Bitcoin halving: The prediction of a 2025–2026 crypto peak aligns with the typical multi-year bull run that follows Bitcoin's four-year halving cycle.
Long-term perspective: The cycle provides a macro-level roadmap for investors interested in timing long-term entries and exits, offering a simple narrative for market behavior.
Emotional cycles: Some investors believe the Benner cycle effectively mirrors the emotional cycles of markets, driven by human behavior and investor sentiment, particularly in the highly volatile crypto space. 
Criticisms and risks of the Benner Cycle
Outdated foundation: The cycle was developed based on 19th-century agricultural data, which has little relevance to today's complex, globalized financial markets influenced by technological disruption, quantitative trading, and central bank policies.
Inaccurate predictions: The cycle has notable misses. For example, it predicted a panic in 2019, but the market didn't crash until the COVID-19 pandemic in 2020. It also predicted hard times in the robust economic year of 1965.
Oversimplification: Critics argue the cycle oversimplifies market dynamics by ignoring geopolitical events and other factors that influence asset prices. Veteran trader Peter Brandt called it a distraction, arguing it lacks value for making actual trading decisions.
Cognitive bias: Belief in the cycle can be a result of cognitive biases like the post hoc fallacy (claiming a delayed event fits the prediction) and confirmation bias (remembering hits while ignoring misses).
Not a guarantee: Financial experts caution that the Benner cycle is not a foolproof forecasting tool and that market dynamics are unpredictable. It should not be the sole basis for investment strategy. 
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