Hello readers, I hope everyone out there is doing good and holding on to their favorite coins. I suggest you not to sell any major altcoins as the market is giving us the opportunity to invest our savings at the bottom. It may be risky and the market can go further down, so please I advise you not to invest the money which you can't afford to lose. If you are expecting greater profits in the long run then you should be ready for the greater losses too.
Bitcoin reached to the bottom of 4286$ a coin from 10k+ of the previous high 40 days ago. while Ethereum reached to the point of 96.50$ a coin. You can invest in major altcoins which are down 90 to 96% of the all-time higher highs. There can be only one reason behind this bearish market.
The Rinse and repeat method can be used by the whales to overthrough 'BTC weight' to the market to cause panic to sell, and when the market reaches to the new bottom they jumped in to buy a new lot with there USDT balance. Thus accumulates more BTC then they previously had.
This method is used many times by the giant holders of BTC especially. The recent bearish market and 50 to 60% of the market down can be caused by such whales and we all knew that the bottom of the BTC last year was around 3600$ a BTC. And long-run holder is seeing an opportunity to invest before the market rise back and adopt bullish run before the halving.
If you like my work please follow and stay updated. Comments will also be appreciated. thanks!