Zoom Out As Whales Are Dining On Bitcoin
I find this rather pathetic that the so called "investors" sell their Bitcoin so quickly. This is a pattern that happens regularly and at some point these bad habits will come back to haunt them. I say bad habits as this is all they know. Sell high buy low which is the smart way to trade but what happens when the supply of Bitcoin available is non existent.
Whilst everyone has been heading for stable coins off loading protecting their profits whales have been feeding on the lower prices. These then disappear off the exchanges stored in cold wallets never to be seen again. This is hw the cycles work and the coins are leaving the hands of the regular investor into those of the institutions.
How long can this continue before there are only scraps left creating a shortage of supply.
We have to stop thinking like Mickey Mouse as these guys are not amateurs like most of the crypto investors who think they are the smartest around. This person or company is buying millions of dollars every few hours and is not slowing down. The only way you can compete with this is buy holding what you have as everything will be scooped up.
Here is another one who is consistently buying and has deep pockets as this is endless. Apparently this account has over $1 billion purchased in Bitcoin since August last year. This is bad news for those that think they are playing the system and have a future in Bitcoin as that is not the case.
*8Some serious fire power here and then think how many smaller purchases are happening doing exactly the same thing on smaller scale. This one account has acquired 0.15% of all Bitcoin within no time as the big buys happened since November. Zoom out and think where Bitcoin has come from worthless in 2010 and worth a fair amount today. This is peanuts from where it will end up and these institutions know that so why are people selling when we can all see what is happening?
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We wanted institutional money, here we have it. It's just that these guys are smart, not like the majority of the market participants.
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Not smart is being kind lol as they are being robbed and don't even know it.
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That's how it always goes, isn't it? The masses fall asleep while the powerbrokers tinker and manipulate at the background. You have to give it to them for having foresight though
I'd like to hold at least one full BTC some day, but with the supply dwindling, I don't know as though that is every going to happen. There are definitely some people snatching up as much as they can!
I think the next bear market will be the last chance to get a whole one possibly and is on my wish list.
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