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The Bitcoin Whales are Paying the Price

1) fake 6k bottom 2) thus failed pump 3) thus harsh punishment 4) finally successful pump 5) ?!? what will they do next ?!?

that latest pump was not just some new player coming in with fresh fiat, that was from the same whales that have been trying to manipulate the markets for years and finally got 1 move right ;-)

how I see it, 2 possibilities;
1) the same group of whales pump another 400-500-600 million USD into the btc market ... they're probably doing that right now ... which is why it keeps pumping; it's them !!
2) massive correction

combined with the assumption that they know that as well; I can't imagine they would just let it drop again, so ... they don't really have any other option but to keep pumping fiat into the market, it's do or die for them

nothing personal, but I hope they fail and that we see a massive correction; a small group of whales controlling the market ... that's not how it supposed to be

註釋

let's add some numbers and do some calculations

what would I do if I have 1 million bitcoins and 1 billion usd dollars and the price of bitcoin is at ?

I would buy 25k bitcoins for 100 million dollar and from there on keep buying until we break 8k in the hopes we reach that before I run out of cash ...

PS: I wouldn't be doing that alone either; I would have a team of experts, each with their own team and then a coordination team etc etc ... I would have at least 200 people working on this

because at my 1 million bitcoins are worth 4 billion, but at 6k ... it's 6 billion ... that's worth paying a huge fucking team ...

and now we can run that assumption again, but then with a group of whales that are all together worth somewhere between the 3 to 5 million bitcoins and they have more than billions of cash at hand, they also have hundreds of millions revenue streams and thousands of contacts to influence to make sure nobody sells until we reach 8k ... that's when we'll see a massive drop, because once they reach 8k, that should then mean 6k is the support

that such theories only work in an organic market might be the thing they failed to learn from their fake 6k bottom before ...

if they keep pumping to 8k to then let go, thinking it's safe as it will bounce off the 6k level ... I predict the most massive, spectacular drop in bitcoin history, it will be a day to remember

again ... just guessing, because my TA tells me we're to get a correction before we reach 7k, which those whales can see as well, so ... will they pump? do they have enough hundreds of millions left to break 7k and push for 8k ... I don't know

we'll know soon enough

註釋

well ... they're almost there ... once they break the 8k level, they can take let it go ... assuming it will take a dive, but that the 6k level will hold

lots of assumptions ... wait and see if they break the 8k first

註釋

still in play