The development since late December shows very clearly what is happening.
The whales - and anyone else with half a financial brain - are slowly selling all their bitcoin. As they sell, prices begin to drop sharply. They then hold back on the selling and newbies and "HODL'ers" are foolish enough to "buy the dip". This sends the price back up.
It then repeats with rates dropping again, until the newbies and "HODL'ers" buy the dip once more.
Except on every round the dip gets deeper and deeper.
The game is over, and anyone so stupendously stupid to keep buying from the whales who are unloading are basically just throwing their money away.
Face up to reality, the party is over.
It is very skeptical and dull analysis. Yes, many people came out from bitcoin especially when the price fell sharply from $ 19,000, but this does not mean that bitcoin died. I do not agree with you that there is nothing to do in the crypto. Remember 4 years ago, when bitcoin cost $ 25. Everyone said it was a pyramid and it would soon burst. As you see not burst ))))
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