So tragic!

When Bitcoin was at 94,000

and Ethereum at 2,600,

I was already in despair, knowing there would be no super bull market!

At that time, I was heartbroken, emotionally collapsed,

altcoins had already dropped by 90%,

there was nothing more despairing than this!

Now Bitcoin is at 79,000, Ethereum at 2,100,

I just checked, there aren't many whale liquidation prices between 70-78k,

but there are many at 60-65k

and a lot at 20-30k!

This means, the 🐶 whales are dumping crazily between 70-78k and it has no value now,

most are broke retail investors buying the dip, while big players are cautiously observing whether to increase their holdings.

As for the housewife from the union saying she sees 75-75.5,

if there is no huge liquidation price for long positions at 70-78k,

the 🐶 whales throwing down billions of dollars worth of assets won’t mean much,

instead, it will just allow the waiting whales and institutions to buy at lower prices.

So, at the 79k position should be the target point of the 🐶 whales, they won’t continue to dump in large amounts,

if they want to make more money, they have to dump down to 60,000 dollars, which probably requires tens of billions of dollars worth of assets.

If they wait until it drops to 60,000 dollars, and instantly get bought up by the waiting whales, it would be a loss.

Now the 🐶 whales are ignoring good news, they dump at the slightest market movement,

their mindset seems off. Many altcoins have been propped up in the past few days,

proving that the small whales of these altcoins have collected enough chips,

and don’t want to continue dumping to pick up bodies anymore.

In this historically panic-driven market this month, retail investors have almost been wiped out,

they’ve been thrown off the bus, each altcoin has become very light,

some have been following Bitcoin and Ethereum’s dumps, while never recovering, which indicates that this altcoin has no real whale.

Having dropped to 79, I think it’s time to start a corrective fluctuation tonight, the 🐶 whales won’t dump anymore,

unless that group from Wall Street loses their minds and starts dumping wildly, no longer optimistic about Bitcoin, otherwise, it should bottom out now.