Bitcoin Forum

Anytime the price of Bitcoin skyrockets, there would be massive selling of Bitcoin and this practice(s) have always lead to the price of Bitcoin falling back afterwards. During the approval of spot Bitcoin ETFs, it was observed that the massive selling of Bitcoin when the price got to $48,000 made the price to fall to $38,000, it was after the corrections that the price began to soar higher again till now that it has set a new ATH of about $69,210 and immediately, massive selling and withdrawal of Bitcoin was also noticed.

Wouldn't this continues practice of withdrawing and selling off whenever the price skyrockets going to slow the volatility of Bitcoin to continue skyrocketing? Since the price automatically starts experiencing a dip after every massive withdrawal.

You should know that it is not everybody that withdraws their bitcoin from exchanges, that are selling it. Some people are withdrawing to their noncustodial wallet to keep their bitcoin in their control, as the halving is close and the value of bitcoin is increasing , because it is expected that the halving will also skyrocket the price of bitcoin.

No matter how many bitcoin is sold per day, that will not stop bitcoin price from pumping, because it will only last for a short term. We saw after ETF was approved, and Mt. Gox sold a lot of bitcoin, but what happened later here we are in 65k, and the price reached 69k,before falling back to this price. We are in the bull market, and it will continue to be bullish, because bitcoin is designed that way. Bear and Bull

I mean, that's how markets in general work? An asset's price pumps(bitcoin or not), some people will be taking profit, and the price is likely to have a correction after. What will make an asset's price more stable is mostly more market participants.

Yeah, then what? do you really hold Bitcoin until you die and never sell any single satoshi? you can show your address here to prove me wrong.

I keep accumulate Bitcoin, hold and haven't sell it even Bitcoin already reach $69K, but it doesn't mean I won't sell my coins when Bitcoin cross $100K, $200K etc. There will be a time I sell my coins in order to accumulate more coins during bear season or I need big cash on emergency needs.

Yes, this is the basic economics. The coins are limited in numbers. That is the price of the coin increases when more people buy the coins. Now once the price goes up, many people start selling the coins. Hence the price goes down and we see a correction in the price. This circle goes on like this and it’s pretty common I must say. Long term holders always wait for opportunities like this, and they make good profits from it.

There might be a possibilities that massive withdrawal might happen but I think its not going to happen anytime soon and I think the holding power of people will continue until the end of this year since there is a good event which has been awaited to happen by all bitcoin holders for years. And to many believe that even if we reach the ATH there's still a chance that we can see it to reach at $100,000. But if you are not confident and still afraid then do what you think can give you a peace of mind and execute your withdrawal.

Maybe you need to see something and experience it so that you can increase your patience to wait for something good to happen. Although all of it will just be a gamble but for sure all of waiting game especially for those long time holders patience will be worth it.

It's not automatic but it comes from people's greediness and their leveraged positions. Funding rates soar because of their leveraged positions and funding rates were reset with corrections.

Overzealous people with their high leverages were liquidated by exchanges. Now after the correction, the market is more healthy and I really believe it is ready to go sideway for a while before rising again.

You can not stop people to use leverages so they will be liquidated again and help the market to have healthy corrections again.

You should've been used to it by now, these people that are doing massive bitcoin withdrawals are mostly long-term hodlers than want to take profit right now or those that are speculating that a massive price dump is soon to happen so they try to get out now while they've got a generous amounts of profit and then wait for the price to go down so they can go back again. You should actually be thankful for them because if they're doing this right now, it's probably high time to prepare for something big to happen. Also these people don't really mind withdrawing huge amounts of bitcoin to take profit because most of these people are probably rich enough that they don't mind missing out on potentially bigger profits if they just hodl out a bit longer.

For someone who has less experience, this moves becomes a reason to worry, but for those who are not new to crypto space, they know that whales are buying and moving their bitcoin off the exchanges, which is the best thing they can do to avoid some instant exchange hacks and other problems, it's not always a selling point when massive withdrawal is ongoing on any crypto exchanges, most times they are good signs.

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There is also a possibility that people are taking profits and that's no issue at all, some people bought btc at the very high in 2022 before the market collapse, and now that the price is once again at the price, they will surely take some profits, you should not worry yourself about this moves at all and this won't stop bitcoin from making a new all time high in the near future.

Many people who long the market have lost millions, I read online that a massive 1 billion dollars was lost when traders expected bitcoin to go past 68k days ago and it went down unexpectedly, do not let all these be a distraction for you.

Don't expect the market to move straight up without any correction. If you are old in BitcoinBTC, you would have known that bitcoinBTC always takes a nice reasonable correction before moving another leg up. This is true in both bull and bear markets. In the bear market when the price is moving down, it does not dip in a straight line, rather it will keep touching every resistance before moving further down. If you know the concept of higher highs and higher lows, then I am sure you will understand how to read the market.

Also, there are not only long term investors in the market but there are short to mid term traders too who will surely take profits at the current top and will buy back at the bottom. The market's pump and dump is normal however if there is any bad news, like any big exchange hack or something, then we may see a big price correction which may indicate a reversal in the market.


For sure people will take profits along the way. Also, people are anticipating sell from certain key level and they place the short orders in advance. I think the OP needs to understand trading better in order to understand the movement of the bitcoinBTC.

That makes the market to be a good market, as far as the fall is not greater than the rise. As for bitcoin, the rise is significantly greater than the market correction.

Not that people were selling when United States of America SEC approved bitcoin ETF, it was because of some liquidation of BTC. But companies like BlackRock bought some, but the selling still resulted to price of bitcoin falling at the time.

I do not really understand what you mean as volatility, likely you mean adoption. Just know that the selling after massive price increase is good as far as the selling is not significant like the buying.

You already have the answer in your question. Why did so many people sell bitcoin when bitcoin reached $48k and then caused bitcoin to drop to $38k, but why was bitcoin able to reach $69k so people kept dumping to let bitcoin go down again? In just a short time bitcoin has increased from 48k$ to 69k$, doesn't that prove that bitcoin is rising? What else do you want from bitcoin? Want bitcoin to go from $69K to $1M without any drop or dumping?

It’s pretty nomal that many will sell their holdings of the price skyrocketing because it’s the perfect timing to take profit. I’m not sure how you do your trade but you should do the same if you purchased on the bottom and already profited a lot. Price will not continuously to rise since there’s always a trader that purchase on the bottom of the current price.

Those new investors that will enter on the current price will do the same if the price grow in the future above the current price. This is the normal cycle of trading. You should worry more if there’s no one selling even on price rally for a long time because it will form a bubble that will later on destroy the price once popped due to everyone take profit at the same time.

Do what you suggest if you just recently purchased and want to hold long term but this is not applicable to everyone especially those who are already in profit a lot.

It's always difficult to predict Bitcoin's next move. OP, you want guarantees, but there are none. If the price rises, there will always be those who are satisfied with it; on the contrary, those who have been waiting for a purchase for a long time can expect some correction. Each person has their own goals for the price to be achieved, but most likely, with a large increase in price, we will often see those who decide to withdraw rather than waiting for the next big value.

I don't think that's how it works. Bitcoin grows, the price increases. Then, at some point, selling defeats that growth, and the price starts going down. Of course, a lot of people want to cash out their profits, and then some people just join the selling wave out of panic. The ETF example, however, doesn't have much to do with it. The SEC approved ETFs in the middle of January. The price was around $45k-$46k in the first half of January, and then gradually dropped to $40k closer to the end of January before starting to climb back up. The price didn't skyrocket, and some selling happened, but Bitcoin recovered soon.
The price is currently almost $67k, so we can't reasonably be talking about a massive withdrawal or a massive selling at this point, in my opinion. There's no automatic withdrawal, there are just some corrections along the way.

The fair value is the amount that some investors believe is good and start selling Bitcoin. Some may think that the price of $68,000 is a fair price for Bitcoin, so they start selling. The majority do not think so, so we do not see a deep correction, but if the price reaches the levels of $160,000, for example. The majority of those in the market will know that Bitcoin is overpriced and start selling, a few will think that it is a low price and hold, leading to a deep correction.
In any case, there is a group that plans to hold Bitcoin for long periods, and this category will most likely not sell anything in the near future (at least 10 years).

It's normal to have these withdrawals to come whether we're in a bull run or not. It's for everyone to decide whether they want to sell or not and that can't be stopped when people wanting to sell what they are up to by that time. Just expect that at any price range of Bitcoin, there's always people that will massively sell their bitcoins and expect even the dormant accounts that has hundreds to thousands of bitcoins that have been held for a long time might also get into withdrawals and will eventually get sold. What you're worrying about is with these withdrawals and sell offs in the market when it's normal on any market to have these actions. You, as an individual of this market will also have to sell whenever it is necessary for you to do so and yet, other people aren't worried about you and us trying to sell when we need to do it.

Ahh.. that has become a common thing and always happens in any form of investment. And when they invest, the price goes up, and there will always be people who sell to take a profit or sell their entire holdings because they made a big profit. And this also happens with Bitcoin and other cryptocurrencies, because everyone wants big profits when what they invest in is profitable because the price rises.
The OP should understand this because this doesn't only happen with Bitcoin, so it's very common. because everyone has different plans and strategies, and there are also those who don't sell because they believe the price will be much higher. And without paying attention to the decline that occurs due to sales, and just believe that in the future the price will rise again or in the long term at a much higher price. And they will even use this moment to accumulate more Bitcoins and store them for the long term.

There are many people in the market and they have different entries so they have different favor exit prices as well.

With people who bought Bitcoin about $16,000, it makes a lot of sense for them to take profit around $66,000. With people who only joined around $50,000, they likely expect bigger profit and will not sell now.

With leverage and futures enthusiasts, they are gambling with leverages and bet that they will win against the market. Unfortunately they will mostly fail against the market.

The Bitcoin Net Unrealized Profit Loss (https://www.lookintobitcoin.com/charts/relative-unrealized-profit--loss/) shows Bitcoin can have drag down from current area. There are sometimes it continues to rise more from this area of NUPL. So with this, it's unpredictable for next movement of Bitcoin.

Remember that not all are able to hold long-term, some are selling off their coins when the price hits their target. This practice is not quite new in the market but I have no argument with such a thing because we know that in order to earn a profit, then we also have to sell them. As long as we are selling high than the buying price, that is a good idea. In fact, we are not meant to hold forever and I don't think there is.

Buy, Hold, and Sell - that is how it works. People are buying during the bear season in preparation for the bull season to make money. Therefore, we can expect them to sell their Bitcoin at this time.

you cannot keep stopping those people that wanted to make profit from their Holdings ad I believe that Correction is normal and you cannot call that Massive selling instead that is what we call profit taking.
I must admit that i am guilty on that because i am one of those who sold some amount of my holdings when the price starts to fall at 67k  but yeah I am lucky buying when the price starts rising up at 61k.

This effects is inevitable and can't be controlled by any body because it's one of the factor that make the system more interesting, as everyone has it purpose, needs and area of satisfaction, why holding weather long or short during bull run.

Every investment no matter how long or short it's purpose is for profit making, for me the selling during bull run and reinvest why on bear is not bad, though my point may not be hundred percent correct I stand to be corrected but this purpose are not to be evicted out in the system.

This is normal in the crypto market and usually we can take advantage of such things. Usually it’s whales or individuals with huge holdings that make transactions that may appear as lots of people selling or pulling out their money which puts people into a panic making them sell their coins as well.

During this time, the price goes down and we can go in to buy more coins. It’s just going to rise up again anyway so it’s better to buy more during the lowered price.

Massive withdrawal or selling bitcoin during raise higher price can't bring bad impact with bitcoin price will drop suddenly, its normal as trader or investors get massive for withdrawing or selling their bitcoin assets after price pumping and buy back later with correction moment. I don't think massive withdrawal or selling bitcoin can't bring bad impact with bitcoin price dropping drastically but FUD or bad news sharing become main problem make many people panic and sell bitcoin with lower price.
Current bitcoin price not any fud although have massive withdrawal or selling bitcoin I think keep balance well bitcoin stable on higher price, between massive selling bitcoin get balance with massive invest or buy back bitcoin because many investors believing with bitcoin can get chance to raise more higher price.

We already have seen a correction after Bitcoin broke its last all-time high and I think the market has made of lower nearly $59k after making a new all-time high. Now I am not sure will Bitcoin make another correction after or before the halving event if it will happen I mean if we will see another correction in the market it will be a good buying and last buying zone for us to generate a good amount of profit and in my opinion we may see a big amount of money entering in the market which may make the market even more bullish.

We are now in a greed zone where a lot of investors are booking some ratio of profit out of their holdings with the intention of buying back and for now they a waiting for a good correction if it happens I would call it a bit of good luck. DYOR!

Obviously he knows why and I can see that he has already given the answer but some persons aren't as experience as others when it comes to the Bitcoin market and that's the reason most persons panic and sell off during any small pump of Bitcoin, while others that have witnessed such stage and phase before will just have to understand and adjust by buying more and moving their coins to non-custodial wallets for safe keeping so to avoid story that touches the heart.

But you left out one important thing OP, do you see bitcoin price still going higher every year? So, institutions and whales selling bitcoin in large quantities will only have a temporary impact on bitcoin, it will not cause any impact if we look at the long term. So instead of being afraid when the market dumps, you should take advantage of that opportunity to accumulate as much as possible. Just like you were afraid to buy bitcoin when it was priced at 48k$, I think you no longer have the opportunity to buy at that price, maybe in the near future you will have to buy at 60k$ or more.

Only those who understand the potential and risks will do so so that their assets are safe and under control, but there are also those who mindset from the start just to trade and look for a small profit. I think that is exactly what you said above regarding the potential increase inthis asset prices where BTC will continue to rise even though if we look there is also more or less selling action from BTC holders on the exchange, this does not completely slow down its movement to rise even higher.

Of course investors would take profit from their investment.
There are only few who wouldn't do it and just continue to hold their crypto.
The price pull back could be used as a chance to buy back at a lower price before it starts to climb up again, or create a panic for others to also sell their crypto.

That's not necessarily true, that's the reality in my opinion. When prices skyrocket, not everyone will do it to take a short profit.
The question that will be asked if you think that whenever prices skyrocket there will be massive sales, what is the determination of increasing prices and decreasing prices? It doesn't seem so.

This is part of the market activity process that occurs.
From what you can see, not everyone sells when Bitcoin prices skyrocket. I mean, there's still holding.

Isn't that good? it means there are many people wants to buy Bitcoin at $69K right? if they didn't want to buy Bitcoin at that rate, how can those people able to sold their coins? the problem occur if the buyers don't want to buy at $69K, so the sellers will need to sell cheaper in order to be filled ASAP.

Remember, when many people sold Bitcoin at $69K, it doesn't mean the price will keep declining and won't able to break $69K.

Everyone has a target, so I think selling at a certain price is also reasonable. In addition, we must remember that every time there is an increase, there will be a decrease. There will be a phase where buyers are saturated. So the strength of buyers is weak and a lot of sales flow. A frequent decline is the accumulation of buying power. I've had 2 halvings, there are always moments like this. It is likely that they are trying to suppress the market, to be able to buy again at low prices. So when there is a big drawdown, we should not panic. Execute the strategy that has become your initial plan.

Every asset works that way, it can't be always pumping or the other way around.

It's normal if people are selling their Bitcoin when they are happy about the profit they made after a long time of hodling. What comes after is that they are just going to wait for a dump to happen before it bounce back again to make a new all time high price. Now, people are making sudden decisions because of FOMO, don't be like those people.

Do you expect people not to make withdrawals of their bitcoins just so that the value doesn't dip? You have to understand that investors set targets for themselves to take profit, and with increase in the value of Bitcoins, the target for some investors have been met.

It would be impossible to control the withdrawal of bitcoins by investors whenever there is an increase in the value of bitcoins.

That was pretty normal for sure since there are traders that are going to take profit in that market price and we can't really blame them because Bitcoin is still a risky market putting your money on it still going to take a huge risk, you cannot withdraw your money that easily if you are waiting for the right market price if the right market price hit it is always recommended to take profit if you can because it wasn't guaranteed that it is going to happen again right now, I mean if you think of it, it already takes years because even right the All time high market price again, if your not going to sell right now it might take years again before you could get another chance to sell at this level of the market price.

The market is still a continuous cycle, the price could skyrocket, then traders that invest early might sell then there will be a pullback, a pullback is going to be an opportunity again for the last traders to reinvest their money, or for new traders to go in on the market, it's just going to be a huge cycle, but there are always going to be an opportunity to invest and make a profit.

Maybe the others who sold their bitcoins are the holders who were not able to sell bitcoin when the ATH reached 69k in the previous time, way back in 2020. So they just took the profit, probably. Imagine how many years they waited just to get their profit.

Or it is also possible that they have taken out their bitcoins from centralized exchanges and transferred them to non-custodial wallets or their hardware wallets, where they have control. This seems to be the only reason I can see.

That's the way the market is, people will generally reap the benefits when the price of an asset jumps and I've noticed that most of them have prepared themselves from the beginning before the price of the asset actually jumps. If it is possible for someone to patiently wait for the right time, it may be very, very profitable for the results obtained.

Bitcoin is an investment coin and ones an investor thinks they have made enough profit, they are definitely at liberty to withdraw at their discretion. As long as they can pay the fees.
For some, the halving might be a reason seeing that it is closely approaching, also, they may be considering diversifying their investment portfolio, hence why they perhaps withdraw their BTC so as to channel the profit into other investments they deem worthy.

Whatever be the reason for the massive withdrawal, one thing to note is that BTC is an investment coin, it is most profitable i for long term holders too, unless one intends to just own some crypto in a wallet that wouldn't increase or make some profit overtime that is too significant, they can go for stable coins like USDT.

I think it is a natural question of any asset, now certainly bitcoin is very different since it has continuity over time in its main actions to be followed by users, selling, buying and Hodl.  Each of them exerts an influence in a certain period of time that influences the price, and fortunately this is the case, since having indefinite trends would only cause distortion that could not have corrections.

First, Bitcoin wasn't meant to continue skyrocketing, but yet fluctuate due to it's volatile nature, which is why whenever it's price skyrocket very high, there will always be an equal or corresponding sell just to stabilize the market. Because this concept of mass selling whenever it's price skyrocket high is one phenomenon that can never be stopped, hence, the best we could always do is either practice the Dollar Cost Averaging method or just hodl.

What you said is right, OP but, In as much as that's the best time to hodl, so one's worth continues to increase, it's also just how the market works. Besides, not everyone sells off their Bitcoin and altcoins at this moment. Having Bitcoin at its ATH period is a factor and huge influence on people's wealth skyrocketing, but at the same time, not everyone sells and accepts Bitcoin, leading to the withdrawal and exchange for fiat currency.

those who sold their coins as early as now i think will regret it when they see the price goes more than 70k sooner. they are likely short-term investors but this is the time to become a long-term investor which makes sense because these investors are waiting for the effect of the halving.

those who withdraw BTC are among those who wants to hold and this makes BTC supply fewer and fewer in the circulation and the demand keeps rising and we all know what will happen in this case.

This is what we call taking profit (I am taking massive withdrawal as massive selling of BTC due to the word dip).  People who invested in Bitcoin when it was around cheaper are securing their profit.  Aside from that the automatic dip experienced after the Bitcoin price surge is often times called a correction.  Since Bitcoin is overpriced due to hype and positive emotions in the market, the price needs to be stabilized somewhere to be able to establish the average trading rate.  It is obvious that when a large supply is being sold, the market will experience retracement since demand is outweighed by the incoming supply.

Since Bitcoin is an open market, the price often swings wildly and this is the reason why the Bitcoin market is considered highly volatile.


Not entirely true, people or investors have their target price, so it is normal for them to sell when they meet their selling price.  Only greedy people will regret after selling their stash at their set target price since they don't have contentment and always want to get the highest possible profit.

Usually, when facing a bullish era, many transactions leave wallets. Especially with the current conditions where Bitcoin prices have exceeded the ATH of the last bullish season. So, maybe there are many parties who are getting ready to take profits periodically. And indeed, trading activities during bullish eras are also usually higher. So, they also need to anticipate a network crash if they do it at a time that is very close to a bullish peak.

If they are long-term holders, of course. Because the price of Bitcoin will of course increase again and will continue to print a new ATH in this bullish era. More likely after the Bitcoin halving. This will be an even more significant thing to monitor the Bitcoin market.

However, this may be different for traders, both day traders and short term holders. Maybe they have their own strategy to navigate this market phase.

It depends on the mindset of each investor because in the end all who are in bitcoin must want the profit they have to get and in this case we must have a goal where we will sell the bitcoin we already have regardless of whether that means massive sales that occur or not because in the end all have that goal.
Now those who sell their assets can still very much happen and it is not a mistake because they want this to be the end of holding them and they have to go because it is already profitable for themselves so it is quite natural when profits are obtained then they come out massively but on the other hand we must be aware that when someone sells then there will definitely be many who buy because on the other hand there will be a lot of people who are of the view that currently the momentum will still continue and the progress of bitcoin will not stop until now so they will definitely continue to collect bitcoin until they finally sell when their target is reached.

When the price is high they sell it, isn't that normal? Maybe they think it's a decent profit then sell it anyways from the sale that buyers will definitely be more even though there is a slight decline in bitcoin still returns, is this way you feel panic?

That's how the bitcoin market works when the price skyrockets there will be a lot of goods dumped into the market but don't make you panic even though massive withdrawals are happening and it's natural even we often see where the pope makes millions of dollars in withdrawals it doesn't have any impact on the market.

Why are they selling now? There are certain reasons why they are selling we cannot be sure, but believe that bitcoin will skyrocket again.

Well, this is expected but I'd never see it wrong as it was already a profitable price especially if you are buying at $40k as an example. I understand these people as they just securing their funds. In fact, holding is just an option but we are encouraged to do this. However, this couldn't force everyone to do the same as they are the ones controlling their funds. As long as they feel no regrets of doing this, then still it was a good choice for them.

Sell some (like 50%) and hold the other 50% for the next ATH. I see people are doing good this time, they are earning surely.

That is how volatility works. It’s an open market and anyone can buy or sell whatever amount they want to. While you’re hoping it gets to $70k, there’s someone who wants to take profit at $69k and that’s fine because that’s how it works. If more people are purchasing then the value will increase irrespective of the amount on sale. Currently I’ve noticed that it’s been hovering around for a way and it’s because but buying and selling forces are just about the same.

As you said, that's how the market works or that's how investors work; we can't control those who will sell their assets or holdings as we don't know who they are, and it is not right to stop them from getting what they want. That's why bitcoin is freedom in the sense that you are free when it comes to finances. As long as those whales or big bitcoin holders don't sell, I think we are fine, or the price of bitcoin will still linger at a high price or the price will still go up, but of course it could become slower when there are small investors who sell their assets. But based on bitcoin's current community, I don't think that right now we will let the price of bitcoin go down; we aim for a higher amount, so until the bitcoin halving comes, we will not sell our assets.

All businesses are to make profits if someone invested.in bitcoin when bitcoin was on the bear market and now that bitcoin is on the peak in the market let those who can sell and collect their profits. All investors were waiting for this period so this an opportunity for them to sell. And your logic of the bear market is also not far the truth because when the selling hands are more the buyers will reduce price and that is one the cause of the bitcoin bearing market. And tht is also another cause the slow movement of bitcoin to hit $70,000.

Op I don't know if bitcoin has hit $69,210 but I only know that bitcoin hit $69,000 and drastically come down again.

Actually to me it's quite normal that people are taking some profit from their investment when the price of Bitcoin gets to their desired price, and besides, if their is no selling off at some point, their will be no price deep that will present a good buying opportunity, so I believe that, that's how the Bitcoin market is wired.

What is the essence of investing in the first place if you wouldn't sell off and make profit at some point? The primary purpose is to make money, so I don't sees it as something new to me.

When the price is on its ATH is a critical point because it means all the holders are on a profit point, and the only way to win on that situation is by selling. That's why we saw that crazy crash from $69k to $61 in a short period of time, as you say, it means some whale sold a big amount of BTC, And it will happen again if the price gets that high. Some investors are looking to make a profit in the short term. If you think about those who bought at $61k yesterday, if they decide to sell now, then the could walk away with 10% profit, and that's big for 24h.

A massive withdrawal of Bitcoin should be considered a positive movement. Because withdrawal means they are securing their bitcoins, it doesn't mean selling their bitcoin. Because exchanges aren't a secure way to store our funds. They might collapse at any time for any reason. So it's necessary to secure funds in a non-custodial wallet. Massive withdrawals for stable coins would be a concern for sell-offs. 

Do you think people just hold Bitcoin and then the price just moves on it own? No! People buy and sell and in every supports they buy, they sell before the resistance and that's how they continue to make their money through trading. Without them, the Bitcoin price will not go up and if they really took their time to buy, then expect a sell but the advantage is that during the bull run is that many buy and only few sell that's why Bitcoin price don't crash completely, so I think its normal for the price to move in that manner.

It will not slow down, the only thing that is going to stop the price of Bitcoin is when bad news keep coming repeatedly especially FUD that can change the mind of the people from been bullish to bearish, selling cannot stop bitcoin from skyrocketing, can't you see how we are now in $68k despite the resistance been $1k away from breaking it.

You need to understand that this process is the basic necessity that is required to balance the market because you don't expect everyone to continue hodling even when they have made some reasonable amount of profits because there are people who started this hodling long time ago and they must have gotten to their desired targets that's why they sell and some still re-buys during a correction and still continue to hodl, so that's what keeps bitcoin going and without a correction that would cause a dip, it would be hard for some investors to come in.

About withdrawal, due to the price of Bitcoin skyrocketing, investors that have huge amount of Bitcoins in exchanges tends to move their assets to hard wallets and non custodial wallets just for adequate security of their assets because leaving a huge amount of crypto in an exchange is very risky as it can easily be hacked and all your stored assets might vanish, though there are some exchanges that guarantees full security of one's assets but however, it's never advisable.

That is just how a market that are based on supply and demands work, the reason why other commodity prices are less volatile, is because it is being manipulated.

Let's rather have these periods of pumping and recovery and let the market control it's own cycle. You do not want huge whales artificially controling the price, like they do with Fiat currencies.

You can't stop the traders from selling BTC at the price they want to sell. There's buying pressure on the market(we can call it a FOMO phase) but there's also selling pressure on the opposite side, because the temptation to sell at the current price is big.
I don't think that you really understand the term "volatility". The price corrections and price crashes are also part of price volatility, not just the price pumps. Why do you bother with withdrawals from the centralized exchanges. Bitcoin is supposed to be held in cold wallets so less coins in centralized exchanges is actually a good thing.

The OP's title mentions withdrawing a large amount of bitcoin but what he wrote in his thread is about selling a large amount of bitcoin that will make it impossible for the bitcoin price to increase.

What you say is not wrong, a large amount of bitcoin withdrawn from the exchange to the wallet is a good move to push up the price of bitcoin because it causes a temporary supply shortage. But selling large amounts of bitcoin is not necessarily a bad thing for the market in the long run. Because there will always be other large whales absorbing all the bitcoin sold and the market will soon adapt to that, then bitcoin will continue to increase in price. I'm not afraid of someone selling bitcoins in bulk because it's a cheap buying opportunity, what I'm afraid of is that there won't be any buyers but that never happens. As long as there is still demand in the market, it is only a matter of time before bitcoin prices move higher.

You don't need to worry about this. Recently, there have always been large amounts of Bitcoin sold, but they are all bought back by large funds, this is proven when the cash flow into Bitcoin EFT funds is always positive cash flow. There are always sellers and buyers in the market, the amount of Bitcoin on the market is not much left, anyone who needs to sell has already sold it all, on the contrary the demand to buy Bitcoin is much greater than the demand to sell. At some point, when those who sold realize that they sold right at the base of the rising wave, they will rush to buy it back at a higher price, thereby leading to a sharp increase in the price of Bitcoin.

The thing is, bitcoin is money free from governmental or any third party control, if you own bitcoin, you own it and can freely without any restrictions, sell it at anytime and at what ever price you want, this is the type of free market Bitcoin and crypto currencies make or made available to the world, so, there is absolutely no need complaining of who sold, and at what price what price they sold, because we all have equal opportunities here, anybody can take profit anytime they want and it's their right.

What I believe we the strong believers can do is, anytime there is a major sell offs like you pointed out, it's an opportunity for us to buy even more bitcoins at a cheaper rates, because certainly without doubt, after sell-off/corrections, the price of bitcoin will always go higher and higher again, as long as we are in a season as this, the bull run, the only time it's usually an issue is when and if we are in a strong bear season.

It is normal for people to sell when the price increases. These sellers might have been holding on to their bitcoin for a long time, some for decades, and some for a number of years. So, there target has been reached, which is why they chose to sell. Talking about affecting the price of bitcoin, buying and selling does affect the market condition of bitcoin.

But if the certainty is there that we are in a bull run,. Selling off bitcoin won't slow the process of skyrocketing; instead, it will increase because there will be high demand for it, and whatever the buyer chooses, the price should be what it will be.

The OP himself also mentioned this in his words but why is he still skeptical about bitcoin's price increase, this is really too confusing. He also said that bitcoin was massively dumped when it was at $48k and then bitcoin continued to be dumped when it reached $69k. Bitcoin rose over $21k after the dump and that's something no other asset has done. OP, why are you complaining?

@OP, I don't expect you to continue the same theme when bitcoin is sold massively next month when it hits $100k, LOL.

Precisely, you can't go on hodling your Bitcoin indefinitely, there has to come a time when you'll want to sale, that's the idea behind investing our money on something valuable. What happens in Bitcoin circle is just basic economics, when price is high, investors will want to sale to get their ROI, as more investors are selling because of the increase in price, supply will become greater than demand and price will start to dump, it happens vice versa. So in essence it's supply and demand that dictates the price of Bitcoin and how investors react to buying and selling.

Selling the news is a factor that affect the market but as an investors all this isn't meant to affect you, when there's a spike in the price of Bitcoin some short sighted investors takes profits and this affect the market. They're on their right for taking profits as we all have different priorities and while theirs is to secure the profits that they're seeing, ours should be for hodling until we get better profits in the future. The selling pressure doesn't keep Bitcoin down for long when it happened so it isn't much of a concern.


This process takes the weak hands off the maket and so it's a welcomed development and not something we should be scared about. The more this happens the lesser we keep having weak hands left in the market and only the strong hands gets to ride and enjoy the profits that Bitcoin holds ahead. If we don't get the weak hands off, they'll be the ones panicking and selling in the future when what Bitcoin would had needed that period is diamond hands to keep the price stable or increasing.

It doesn't matter how many people are selling, the investors that knows the real deal and the true power of Bitcoin are buying but tomorrow they'll be called lucky when they have made so much profits and enjoying the decisions they took differently when everyone else was doubting bitcoin and were selling to take profits.

You are mixing two different things: when the ETFs were approved, that was a sell the news event, and those people who sold were already holding bitcoins, so it had nothing to do with bitcoins purchased by the big funds. And those who buy the ETFs are probably in for the long run, they are not here to speculate on every +5%, they are probably using the same strategy they use for any other ETF they buy.

I think that is normal. When Bitcoin pumps expect that everyone will sell, accept the fact that, that is the truth. We cannot control people not to sell their bitcoins and tell them to wait. We have different situations and problems. Let's all be thankful that all of us are earning and can buy anything we want from Bitcoin.

As said by some other users, withdrawals from exchanges don't indicate anything or cause a drop in the price of Bitcoin, it's the selling pressure that can cause such a thing. So I don't think we need to be worried about withdrawals or Bitcoins being moved from one wallet to another because that is normal.

However, I've read somewhere on social media that a sleeping whale woke up when Bitcoin hit $69,000. He sent 1,000 Bitcoins from a dormant wallet to Coinbase, and most probably sold them because no one would move their Bitcoins from a wallet to an exchange if they don't wish to sell them.

So, maybe the dip from $69,000 to $63,000 had something to do with that, but it wasn't just that, a lot of people might have taken profit at that point.

That is called "Take Profit" and always happens every time when Bitcoin is skyrocketing right now. I actually not really a diamond hand so usually when my profit is around 50% when bitcoin reaches a peak like this moment that reaches a new all-time high there is always a want to take profit at the end people just want a profit at least people like me.

Bitcoin congestion also happen on bitcoin network because more and more people tend to move their coin from cold wallet to exchange hot wallet.

Enjoy this meme while it last  ;D
https://pbs.twimg.com/media/Fw4p5fvXgAQUqtn.jpg

You should understand that many persons invest in bitcoin for the purpose of getting profits off it over the short period of time, and that what majorly causes the bear when investors are selling of their bitcoin.

But I think it's majorly a very wrong move to be doing that cause we have a lot of big players and companies that are well equipped in cash that are buying bitcoin now and would really love you to sell your holdings back to them, you can see how the price of bitcoin soared after the ETF approval and how big investors are rushing in now.

To me after the sell their would be regret cause bitcoin would continue to rise and they would be on the losing side when they can't buy back at the price they sold, I'm quite sure that if the ETF continues buying we might not have a major bear that would take up back to lower prices like 35-50k, so a better advice would be mind when your selling.


Quite funny how no one really is a long term holder as they claim to be #not referring to you#, bitcoin offers a greater  empowerment to people that hold longer cause you have more chances to get greater returns than short term investors while I'm not against this I just prefer to advice not to sell all your assets at once or at all, but instead sell some portion and keep on accumulating when the bear comes again.

What you say is very correct, of course everyone who holds the amount of Bitcoin they have has reached the profit target and also the target they hold and they choose to sell, of course they have made a profit from what they hold and when many people sell, of course they will experience price correction and there are those who take advantage of this condition by collecting again in anticipation of the profits they can get again.

Next up is the inscriptions. Unlimited assets as a sub.

Cheers. I get my beer!

PS. Apropos unlimited. I got rate limited on CMC commenting. Talking about "legit".

You could make it an inscription on BTC and it would be kind of immutable.

Only the massive withdrawal will not decide the bitcoin price. What happens because of this withdrawal will have a number of effects and everything is interrelated. Like , suppose, there is massive withdrawal of bitcoin which means supply with be more than demand and prices of bitcoin will go down. But as prices of bitcoin goes down, it will appear as an opportunity for other investors and they will start buying bitcoin. So , at that time demand will be more than supply and as a result, price of bitcoin will increase. Also, there are many other factors which can influence the price at the same time.

You are looking at it with a wrong way.

Price increased four times but if you see trading volume doubles, and you can check what I am talking about with Coinmarketcap or Trading view.

I don't trace too far and only get one year ago, in March, total trading volume in March is about $33.8B on 17 March 2023. Yesterday, trading volume is less than $22B so does it mean trading volume increases when price of Bitcoin now is about four times higher than in March 2023?

https://coinmarketcap.com/currencies/bitcoin/

This is the same if we want to invest our trades in BTC, we need to understand how to analyze the market and coins and without this analysis we will not make any profit and even incur a lot of losses.

Well, related to the above, if they make a profit when the price is high, I think it's normal, but the obsession with buying more will probably be even bigger and in fact BTC will continue to rise unless at some point, say in the next 5 years, we don't use Bitcoin as an investment portfolio. only then will it automatically start to decline after each large withdrawal as you said above.

Well, it is expected holder to sell their Bitcoin during the bull season for profit. We can't take that part because these people are waiting for this moment to come. This is a normal event in the market but it can't make to slow the volatility of the market as it still behaving the same.

As an investment, we can never expect people to hold forever but rather see them selling off their BTC when the price is high, and then invest again. Just like during the bear season, we also see massive buying. People take their actions whether to buy or sell depending on the market condition.

What do you expect? That's pretty normal for traders to sell when in profit already ATH or not, that's how  trading works. Well, the huge bouncing of price is always affected by huge number of volume of selling and buying orders, that's how we get pumps and dumps.

It is a pretty normal thing to see people take profits if the opportunity arises and I believe that we should get the meaning of skyrocketing right here. What is skyrocketing for you? I have had a look and Bitcoin went from 20k USD 12 months ago to about 70k USD now. This is fundamentally different from Bitcoin back at the time going from 2 USD to 7 USD as the sheer cash volume that had to flow into the market is insane and still hard to believe. This means that over the course of 12 months about one billion USD were added in market capitalization. I don't know, but in my opinion the price has been skyrocketing quite hard.

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Sometimes people lose a reasonable sense for their assessment of certain metrics. Look how old Bitcoin is, look how valuable it is and how much yearly trading volume it generates. The smaller the time window you are looking at, the less you understand about the incredible journey that Bitcoin has taken. If you want to double your money in no time, Bitcoin might not be the right place if 20k USD --> 70k USD in 12 months doesn't feel like skyrocketing to you.

At some point I think it is rather normal for some people to take profits. I haven't been following the whale alerts recently, but if a person bought at 2k USD or even 5k USD, I think there is nothing wrong about selling parts of their holdings. I would never recommend selling all of it unless certain life circumstances or priorities require you to do that. But if you can give it more time, Bitcoin seems like a good strategy for building wealth long-term.

It's just people taking profits at very predictable periods in the development of bitcoin. And while it does affect bitcoin, even if temporarily due to the fact that it almost always corrects itself immediately, the fact of the matter is that it's not going to affect bitcoin majorly in any way whatsoever, unless a panic selling of bitcoin happens and every single one of us here decides to jump ship and quit crypto for good, of course. People are most expected to buy and sell cryptocurrencies in specific periods of time, but there will be outliers—and there are millions of them out there, with even more consistent patterns than those who sell or buy during peak seasons. These people in my opinion are one of the key reasons why bitcoin will remain volatile and profitable for the years to come. Our erratic and sometimes sporadic buy and sell systems will ensure that bitcoin's got its very healthy volatility rate in check and alive, clearly essential in making sure that bitcoin remains relevant over the years.

Eventually though people will catch up on this and if there comes a time where bitcoin becomes a global currency used by every single person with an internet on the planet, it might come to a point where bitcoin's price is going to stabilize, but that's a long ass time to expect it within our lifetimes, so I guess that's a problem for the future generation to solve and not ours.

There is never a time that everyone will sell their Bitcoin holding irrespective of how high price surges. If everyone want to sell at the same time, who will be the buyer? This is not how the market works as everyone have plans for their Bitcoin and how to go about them. Besides, not everyone is a short term investor that will buy and wait for pump in price to sell, some are invested to be held for many years.

The massive withdrawal referenced in this post was by traders, I mean short term investors that are taking their profits as Bitcoin price pumped. It represent a good number of market participants but surely not enough to cause uncontrollably dump in this present market, as you can see from the little to no reaction in the market.

In other words, the upward and downward movement of Bitcoin price makes the market more balanced, I have gotten some more knowledge about Bitcoin in this thread because initially, i use to think that it's all about buying till the bull run begins but after going through some opinions on this thread i have now learnt a lot.

 For Bitcoin volatility to reduce, the necessity of considering the inflow of smaller users that are not really exchange traders but does make smaller transfer , increasing exchange volume on- chain transfer value and also the price of Bitcoin by itself will grow up volatility of cryptoassets, a large flow of small non exchange dealers is need to reduce volatility .

   Bitcoin volatility directors are cross checked through instrumental variables , increase traded volume,the price and increases transfer volatility.  

People have started withdrawing their assets, they are scared of a bear reversal. Which is a nice idea, the earlier you take profit the better, if you have enough profit just take it and invest in other smaller assets.

To guide your assets, or to recover Bitcoin or USDT lost to scam or investment fraud visit bitretrieval.com they will help you get all your assets, or how to guide your asset in full.

Yeah I know and that is totally fine there are dozens of diamond hand and Bitcoin maximalists out there and some of them really have decent job or have plenty of money so they didn't care about the price and keep accumulating and HODL

and like you have said before than I only sell my portion not all of it and you know what Im talking about haha. From this point it would be so hard for bitcoin to reach the level 20K again hahah

Keep Accumulate and keep HODL guys

I think the big whales are still holding there assets because the journey is still and long and there is more for them to benefit in the market. The price of Bitcoin is still going to reach 100k so we should not be too fast to make little profits and withdraw the funds to swap it in centralized exchanges. We should  not have the mentality of taking profit too early because it might have a big consequences on us if we don't know what we are doing and not chance for us to buy again when price goes down a little.

Yes, that is how the bitcoin market works each time the number of withdrawal go higher it may affect the bitcoin market, sometimes with drawing of bitcoin does not mean they are selling it or converting to Cash. They may withdraw to their other wallet, so it is a whole different thing. That is why the decrease of bitcoin price is because of the trend that is happening at the particular time. Also When  demand is much the price goes higher, the price of bitcoin doesn’t require this analysis to effect it to fall,it sometimes else that make bitcoin to decrease in. I only follow what is going on online and news consigning Bitcoin sometimes I get the notification that bitcoin with for  before it actually happened.

Bitcoin's price is heavily volatile and manipulated by the big players of the market, however, I noticed this volatility is decreasing slowly when compared to previous periods of time, what means Bitcoin has been already much more volatile than it is right now in 2024. That is good news for investors, because it helps increasing optimism among them, and decreases the fear potential investors have when thinking about investing in Bitcoin, exactly due to the volatility factor. The more Bitcoin becomes splitted among more hands, less volatility we have.

For that reason, always there is a crash in price, it's interesting that average investors immediately purchase every coins dropped for sale in the market for a cheap price, because this way they are helping Bitcoin to become more decentralized, getting the coins away from the whales' hands who are constantly attempting to manipulate the market for their own personal gains. It's not an easy tasks, because these whales act with strategies and methods, but at same time it's undeniable they are getting less influent on long run. That is really good for Bitcoin and its sustainability as crypto currency and asset!

yep. someone gets in at 16k nov 2022 and sells at 64 or 70k.

We drop and bulls ramp up and push it to 80k.

some that got in at 16k set 80k to sell.

With bigger market cap, this market will have less volatility and chances will be smaller.

I don't believe Bitcoin and cryptocurrency market soon will have better stability because generally, total market cap of cryptocurrency market is still very small compares to other traditional markets. There is plenty of rooms for market manipulation and whales from traditional markets can easily bring their capital to cryptocurrency market to pump and dump it easily, with support of news, FUD.

People really make a massive withdrawal in bitcoin whenever they obtain an information that the price of bitcoin is going to be fall, so people use that fear to withdrawal their bitcoin so that they will not be at loss whenever the price of bitcoin falls, why when people always develop interest to buy bitcoin is whenever they hear the price of bitcoin going up, unlike as the price bitcoin hits seventy thousand and as it was rising many people continue to ask questions if its good for them to invest in bitcoin right now, so bitcoin investment is something you have to know your target before you invest.

There's a word that we called "PROFIT TAKING" on which this would really be something that would really be normal to consider out since we know that this market isnt something that you could really be able to
assure of for you to make some money and come to think that one of the reasons on why we've been dealing with this market is that we do tend to aim to make profits. So its normal that there would really be those huge dumps then there would be those people who would be taking profits specially into those people who had bought on the bottom on which it would really be just that a common approach to have.

Unless if you are a long term holder then this wont really be an issue but if you are someone who do make out some short trades then it would be something that matter to you about these movements.
This is why it would really be always best that you should really make yourself wary on what are the probable things that could happen. Profit taking is normal and you shouldnt make yourself
that getting shocked with it.

Price needs to spike and dump from time to time to allow the market breathe. Don't expect Price Action to move in one direction, whether up or down. Both movements must be present to show a healthy market. It's the activities of buyers and sellers that work out the charts you see. You observed that price dumped to $38k from $48k after the ETF was approved. It went down so it could go up, going from that $38k dump to a record breaking $73,700. It's now trading around $62k. It's the same way it will pick before halving only to dump again after halving. Understand this thing about the market and your expectations won't be dashed everytime price dumps.

The aim of investment is to make a profit. Now for those who hold Bitcoin, it's time to sell it because it's clear to make a profit. Except for those who buy Bitcoin as a collection, not for investment, they won't sell their Bitcoin because their goal is not to make a profit.

It's true that when reaching a new bitcoin ATH it becomes harder to hold on to our hodl wallet. It would be very easy to give into the selling pressure and take a profit now. But then is the big question what are we going to do with our money instead. Just selling all our coins to go on vacation or to buy a new car doesn't seem like a good idea. Investing into something else is also tricky, because gold and stocks are at ATHs as well, and with cash it's just going to be eaten up by inflation. I am going to keep holding my coins. What I don't understand is why so many people are selling their coins into falling prices after the ATH. People weren't willing to sell their coins at 50,000 usd when prices were on the rise. But once prices are falling people will be willing to sell at much lower prices.

If we cannot hold the amount of Bitcoin that we have collected and have made a profit, then we can take some of the profits that we have made to enjoy it and leave more for us to invest and choose to keep holding, of course this is very good compared to choosing to sell them and think about other investments as you have mentioned and those who sell their coins at a loss of course they are not able to hold on and they really panic when they see the price decrease and decide to sell even though they are at a loss.

People are always going to sell when there is a massive upturn like this. It's a thing of choice, and a lot of people will always choose to sell, same as there are those who are holding on strongly and hoping for more increase. It doesn't slow down Bitcoin or anything, it is normal for Bitcoin to be volatile, and the price will always recover after every fall.

For sure those that started hodling when the price of bitcoin was very low will definitely want to sell out because they might have gained enough profit which they can sell with the price of bitcoin . For those who started investing in Bitcoin longtime ago when the price was low , I don't think it will be a bad idea for them to sell because the essence of investing bitcoin is to make profit. It is expected for this to happen when the price of bitcoin has increased so much for investors to gain profit.

This time that the price of bitcoin is high people have a target of when to sell, so don't think people keep hodling till the price get to the tip.those who bought bitcoin late will try to keep their bitcoin to gain profit in the bull run.

I also believe that the whale investors have not yet sold their bitcoin holdings. Especially among companies that have been approved by the SEC in the bitcoin spot, Etf is still continuing to buy and accumulate bitcoin.

It's even a bit worrying because the other resellers are, of course, bought by institutional investors. Almost every day they buy something; try to imagine that, and take note that it is more than 1 bitcoin they always buy every day. And they are also the only ones who get other bitcoins from centralized exchanges, which is why the exchanges hold very few bitcoins, according to what I know.

Don't like the way markets "work"? It's like inhaling and exhaling (with a balloon - not to be confused with a soap bubble): when the market inflates due to capital inflows and then deflates. As soon as money has flowed into the system (bitcoin has increased in price), some of the early owners sell bitcoin (receive fresh money from new investors), which is why the price is adjusted. This volatility will continue until the cryptomarket matures (it's a new market now) due to capitalization (increase). Over time, the amplitude of volatility may become smaller and less noticeable, that is, the market will be more stable. In theory, this should happen, but the cryptomarket has not yet reached this stage, which is why you see "the price automatically starts experiencing a dip after every massive withdrawal".

This is true now the price is so lower that once it touched 73k$ again then people will quickly sell their bitcoin which will lead to the massive drop in price of Bitcoin. I think there is not a continues pump or dump but the price changes when there are certain bad or good news and also selling and buying percentage put huge impacts on Bitcoin's value.

These all changes are temporarily and once the market recover back then the price goes higher again like that was after bitcoin ETF when price was lower but again it increased and reached to 73k$ and creations of new ATH took place. So buying and selling have impact but that is temporary because some will buy and other will sell so market Fluctuates greater and sometimes due to correction the price get reduces.

And the ones who take profits from Bitcoin pumps always miss out on even larger pumps. So I do not see it as 'taking profit' but rather losing profit due to greed. You could also call it panic-selling. Or rather a less extreme version of panic-selling because they do it during a pump instead of during a dump. Either way, the hodler is the real winner in the end.

Bitcoin is a commodity and not every one views it same way, some as a means to get quick profits others as a long term investment, and it's normal to expect selling due to FOMO from such investors cause they must have made their profits from bitcoin and the rest of I is just fear if the bull run woudl continue and no one want to allow the marker to rest on him so they have to rush to get their profits off the market which is in a way wrong to me.

You also need to understand the concept of trends, bitcoin gains value due to scarcity and high demand while it reduce value when there is much supply of bitcoin which happens when people sell, right now that shouldn't be a big problem and those selling woudl be at very high risk if they are not buying back soon cause the ETF buys a portion of every available supply of bitcoin thereby promoting the momentum of this bull and moreover the halving is yet to happen and this much FOMO then what about after.

     Well, all I can say is that many communities do deposit and withdrawal transactions on Bitcoin, and I think that's normal in this field of business. Because there are people who do this for some reason, maybe for personal reasons, emergencies, and more. Or it can be because their profit is already big and they are happy with it.

     And in that regard, it's good that you don't get greedy, and there's nothing to worry about if there are a lot of Bitcoin withdrawals, because there are still a lot of people buying bitcoin, and then there's always the so-called check in balance in this industry.

There have been long awaited investors whom have bought Bitcoin las bull run and Bitcoin fell dip for so long that they held bitcoin continuously till this upcoming bull run and all they could do is to target the price of btc to grow above the previous buying point which they sold it in other for it not to fall back again because they are not sure if the bull run is coming or we are already in bull run.

The traders are responsible for the slow volatility of bitcoin, because each time btc price increase a little they sell, and when they sell the price drop. the investors on dip and Hodl will buy the dip, the price will surge higher, the traders will sell keeping the volatility of Bitcoin stagnant and capitalising on the liquidity of the investors which they put into  BTC to make it volatile. thats why we say let's people buy and hold. the investors like Michael J Saylor are the people who even triggers the push up of Bitcoin, because when they will buy massive number of btc  the price pushes up. And other investors will follow the lead and buy, it keep pushing no body will want to be left behind. buying oder now becomes %80 and above untill traders will drop it down by pulling their fund. That is just the reason behind it in my understanding.

People more often check the news so they can secure their funds to sell or buy it depends on the outcome every news, so they can gain profit with this quick action came from economy, and if you are a long term holder of the bitcoin and you are actively doing a DCA you don't need to worry too much with the market because you bought every dump and see the result from the holding from 38k$ we are now sitting at the last ATH and we are now expecting another pump after this halving, but of course don't forget to make a take profit not all the time the market are in the highest point.