A whale is selling out its Bitcoin stash as I write this post, they had done that a few days ago which is why we are seeing long red candles on the downside across the charts and it is understandable because huge sells like this from a bog entity who holds BTC to use for their own ETF is beaten because of the high fees that they have compared to their competition. You can simply watch the explanation is some YouTube videos to make sense of what I am talking about abut that.
Well that is good because buyers are favored to buy cheaper Bitcoin and other Altcoins as of the moment because although falling prices tends to make people scared and almost automatically they want to exit their positions and sell-off their cryptos believing that prices would fall much lower. We must not do this kind of mindset because more often, we are at risk of losing money particularly if we happen to sell at the bottom of prices. You do not to think any of that when it comes to Bitcoin because BTC will always reach higher prices no matter what because again, of its fundamentals. This BTC dump is caused by a big ETF provider that calculated that they cannot compete any longer so they have to compromise the business or quit and pursue other business that will work with them.
What we should be doing is to buy more cryptos particularly if we are given the opportunity to do it in the Bull market, in this case Bitcoin is already in the Bullish phase of its cycle which is why we have to grab the opportunity to buy if we have the means necessary in doing it. But more often, we already had bought in during the past months or even years and there is no more way to buy more because of the reason of no more money to use for Capitalizing if not the cryptos that we can sell also had dropped in value.
Now, since the value of cryptos had gone down, it is one great opportunity to buy back because of the relatively cheaper prices. It is a very good idea in my opinion because we already know that reason why Bitcoin in particular had "dumped" and this BTC dump on the markets will of course not go on forever and eventually will stop. The force of demand is just temporary plus the fact that we are in the bull market, the price will just continue to move on to higher prices until it reaches the predicted price which we are all anticipating. We can still gain even if we only wait and it is not long wait for the reason that the BTC halving will happen in April considering that time goes by so fast.
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