#BTC I said days ago to sell at 109K. Now it’s heading for 103K and then likely down to 88K–90K.
People are asking: “Why is it dropping?”
Simple. Like always — some bought in late, around 70K, then saw it hit 109K and took profits. That’s just smart moves.
But it’s not just retail investors — big players like banks, BlackRock, etc. also sold a small part of their holdings.
But remember — a “small part” for them is still huge volume. That triggers chart watchers and short-term traders to jump in on the drop.
Then panic starts.
Retail investors who bought at the top start selling too, trying to cut losses.
Result? Mass sell-off.
Price dips hard.
But don’t be fooled — these same players will buy back in later, when it’s most profitable.
Same cycle, more players next round.