#Bitcoin #BTC "Media breaking news "
8.5 Bn$ worth Bitcoin unloaded by major Miners & Big holding Entities: 🎯Are the Bears Hammering to book profits.
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After crypto’s ‘Trump Pump’ has settled down over the past two weeks, Bitcoin has began to range in close correlation with the S&P 500.
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It needs to be seen if The correlataion to Equity indexes like S&P500, is a sign of maturity or A Blind curve facing the Small Investors. Profit booking was and will be an undeniable factor especi when BTC bounced back from 50K$ range to 100K$ + levels it reached ..
Small Investors should not be sustaining the prices by buying at high, when large players are happily booking profits reaping hefty gains. My take and pick, will be to book profits on 20-30% of your BTC holdings and retain rest for medium and long-term outlook.. Hope people will contribute their views,comments to discus the pros & cons of such a decision