$BTC The giant whale dumped 2500 coins! Should we cut losses or buy the dip now?
The market is in turmoil! Mt. Gox just transferred 3819 BTC to a liquid address, and the German government has completely sold off 50,000 BTC, but on-chain data shows that selling pressure is being absorbed by the ETF. There are so many people depositing coins in the exchanges that it's exploding; this clearly indicates that the main force is secretly accumulating!
Historical experience tells me: when everyone is crying and shouting 'it's over,' it often signals the bottom! Now, the more people are depositing coins in the exchanges, the more it indicates that the panic sellers have emerged, and the main force may be lurking to accumulate!
The technical side is even scarier; the price has dropped to $118,000, but the MACD histogram is starting to shorten, volume is gently increasing, and the KDJ value of 70 shows a neutral downward trend — the bearish strength is weakening!
Personally, I believe that BTC's drop to around $115,000 is a golden pit! Remember, the giant whale's sell-off is not the end of the world, but a chance to get bloody chips!
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