I guess the narrative is different now, people are changing their notion of Bitcoin and its collapse and buying into it, loads of buys by BlackRock has changed the narrative and people are now buying in which is one of the percieved cause of a pottential pump in no distant time. Bitcoin has seen greener candles than it ever had in the last six months and we have hopes that it will be a continuous process if the ETF suits closes in its favor.
Of course this makes a bad impact on the market, when Whales leaves Bitcoin and no new money enters, the market will be difficult to rise, the current turnover is indeed a lot of transactions that come out of personal wallet and certainly make their allegations divert to stable coins stable Then to Cash is something that can make the market difficult to rise.
Let me assume that the entry of a global cryptocurrency investor like Black Rock into the market will attract not millions or even billions of dollars into the industry, but much more. Moreover, the SEC began to “give up” its positions in the tough opposition to the crypto world and crypto technologies. I won’t rush to conclusions now, but the overall picture is quite good for the prospects of Bitcoin and cryptocurrencies in general. Therefore, the real development of the situation will be “just around the corner”, and as stated - somewhere in the region of December 2023 - February 2024. So - if we are not whales, we sit and watch what is happening, seizing moments to earn money
