Recently, the market has been experiencing sharp rises and falls—a situation of price swings up and down—which may be related to institutions aggressively buying up assets. MicroStrategy bought 10,624 BTC last week at an average price of 90,615. BitMin increased its holdings by 138,452 ETH last week, and SOL's ETF also made large purchases last week. Even though institutions keep buying and buying, the coin prices still can't rise because those OG whales are dumping too hard. However, the good news is that institutions are in for the long term and probably won’t sell in the next few months, so the supply from sellers will keep decreasing, and a strong bullish comeback will arrive soon.
January 4 is a turning point; you can keep an eye on it and see if that’s accurate.
This week, there’s an FOMC meeting, and there’s a high possibility of positive news about rate cuts. That will be a good opportunity to close long positions and exit. Next week, the Bank of Japan may announce a rate hike.
It’s garbage time—the time to accumulate and stock up on coins… Institutions are accumulating coins, so we should follow suit and accumulate as well…
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BlindlyBettingOnACra
· 12-10 02:05
How do I reply to one, and three popped up?
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BlindlyBettingOnACra
· 12-10 01:32
Is closing a long position the same as liquidating? 😳
Recently, the market has been experiencing sharp rises and falls—a situation of price swings up and down—which may be related to institutions aggressively buying up assets. MicroStrategy bought 10,624 BTC last week at an average price of 90,615. BitMin increased its holdings by 138,452 ETH last week, and SOL's ETF also made large purchases last week. Even though institutions keep buying and buying, the coin prices still can't rise because those OG whales are dumping too hard. However, the good news is that institutions are in for the long term and probably won’t sell in the next few months, so the supply from sellers will keep decreasing, and a strong bullish comeback will arrive soon.
January 4 is a turning point; you can keep an eye on it and see if that’s accurate.
This week, there’s an FOMC meeting, and there’s a high possibility of positive news about rate cuts. That will be a good opportunity to close long positions and exit. Next week, the Bank of Japan may announce a rate hike.
It’s garbage time—the time to accumulate and stock up on coins… Institutions are accumulating coins, so we should follow suit and accumulate as well…