Bitcoin whales have not left the market; the current situation is merely a correction in a bull market rather than a structural crisis.
Bitcoin whales have not left the market, and the current trend is similar to the accumulation seen during the consolidation period from August to September last year. What we are witnessing now is likely just a correction within a continued bull market cycle (despite its significant amplitude), rather than a structural crisis prompting the exit of 'whale' level players. Once this false crisis is resolved, quantitative easing policies will be restarted. Following gold, the next major beneficiary of this wave of liquidity will be Bitcoin.
Bitcoin whales have not left the market, and the current trend is similar to the accumulation seen during the consolidation period from August to September last year. What we are witnessing now is likely just a correction within a continued bull market cycle (despite its significant amplitude), rather than a structural crisis prompting the exit of 'whale' level players. Once this false crisis is resolved, quantitative easing policies will be restarted. Following gold, the next major beneficiary of this wave of liquidity will be Bitcoin.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
BTC
93,980
-0.93%