unstoppable #BTCbullish #btcwhales unable to sell btc due to #tax liability which is very high , instead to hedge their gains on their holding , they use options or futures and create short position , earlier it was a good strategy to keep moving the market in any direction they want , but now scenario changed due to #MSTR and #BlackRockIBIT , they have absorbed almost all liquidity available in market , now they can move the market in their desired way , if they sell market will be #bearflag , if they buy #bullflag. $BTC
Black…. BTC Game Buying all mined BTC in spot market Creating shortage moving prices high
Ancient whales unable to sell btc due to capital gains tax , hedging positions using futures contract,
But future prices moves with spot prices
Wait for black…. To open future positions to hedge their massive investment or profit booking. Stop buying mined btc , market flood with btc -> bear arrives
Close future short positions, start buying spot btc -> prices increases bull market