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Life is a play, all depends on acting skills?
Today let's talk about how Bitcoin whales play their act.
I've carefully observed BTC's market movements in the last two days.
Selling in the spot market has never stopped.
In the futures market, there are occasional buy orders, and sometimes the whales come out to push the price up.
The overall trend is that sell orders far exceed buy orders, so the market is still falling.
Many people don't understand that this rebound is for a better decline.
The higher this rebound goes, the more likely it will break through the 58 level next time.
I've observed the trends of BTC, gold, and US stocks.
The correlation is very high. If gold starts to fall,
even if there is still some liquidity above, the whales won't continue to push up to liquidate.
I feel that the whales are deliberately disguising themselves, making BTC fluctuate with other mainstream markets, in order to complete a major downward move and finally form a bottom.
The whales' act:
You see, BTC is not manipulated by any big players; there are no whales.
Global markets are all falling; can't we fall along with them?
Are BTC whales that honest? Of course not.
Look at last time when it rebounded from 60k to 82k,
the whales spent several months and over 60k in futures capital,
they had to kill all the short positions above before they stopped.
Gold is not that it won't fall; it's just not the time yet.
As for tech stocks, they are not catching up on the decline; the timing isn't right.
When the real moment comes, everyone will crash together.