I watched these movements in real time on aggr trade. It is a few of the same large actors putting in large buy orders, spurring fomo so people buy the "breakout," then, at whatever seems the top, they sell all at once. We saw this at large scale several times recently near ATH pushes.
These are not organic price movements, it is the result of bored whales daytrading and scalping. Eventually, people are going to stop reacting to these false breakouts, and we will have to find an actual organic support.
Whales are taking profits. This means they intend to buy lower in the near future. Ergo, BTC price will correct lower in the near future.
Not financial advice. Not a professional financial adviser. Opinion and entertainment only.
These are not organic price movements, it is the result of bored whales daytrading and scalping. Eventually, people are going to stop reacting to these false breakouts, and we will have to find an actual organic support.
Whales are taking profits. This means they intend to buy lower in the near future. Ergo, BTC price will correct lower in the near future.
Not financial advice. Not a professional financial adviser. Opinion and entertainment only.
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