The whales are massively buying.

[LogitechMouse]

---
However, not in this cycle, so yes, the whales are buying and we might not know the reasons. Perhaps we have seen the capitulation already as there was a lot of post about it specially X and it followed how this buying not just the whales but perhaps average joe investor as well.

As somebody who sees Bitcoin getting pumped and dumped by double-digit percentage IN JUST A SINGLE DAY, this isn't surprising anymore for me. I'll be surprised if this happens for no reason whatsoever, but this time, the FED stepped up to do some buybacks.

You know what surprises me more? The fact that there are threads here that are being created stating that "We are in a bull run" or "Is this the pump that we are waiting for the bull run to happen". Like they completely forgot that we are still in a bear market and these folks are acting like they're complete newbies. I might get ragebaited by those thread, but that's fine. Anyway, I guess this is the time that I will say that we've already seen the bottom with Bitcoin reaching as low as $58,000. This pump might be the final reason for me why Bitcoin will not touch $50,000 anymore at least in this bear market cycle.

I also don't know the exact reasons, but one obvious one is because the whales are taking this as an opportunity for them to accumulate at a much lower price because they believe that in a few years time, the price will go up and POSSIBLY double their money.

[jossiel]

Wait until we see the next zones of $80k, $90k and $100k.

I think it's important to see that if there's now a change on this bear market and it's about to end soon, we'd see those pushes from those prices.

But right now, it can be a trap and it might take time before it breaks the $80k zone. While this is giving us the encouragement to hold more, and it becomes the reason to say that the bear has been broken, not yet quite.

If it gets to $90k, I'll be too certain to expect $100k. And if eventually it crosses above $100k, be convinced that we are out of the bear market.

Investors that was not too sure of the market will consider buying at $100k, hoping to get profit in the bull run, may be disappointed. But my stance remains that we are still on a bumpy ride.

I'm no fool to get trapped by market sentiment . Experience is enough for me to know the right thing to do at this point.

Yes, that's my condition and maybe others too before they're convinced that the bear's already out and gone.

But not that too easy I guess because whenever Bitcoin pulls something such as this type of pump. A correction is expected.

Now, that's what we have to wait if that's going to be a reciprocal dump that's quite high or just a little out of this pump.

[PERtua]

---
However, not in this cycle, so yes, the whales are buying and we might not know the reasons. Perhaps we have seen the capitulation already as there was a lot of post about it specially X and it followed how this buying not just the whales but perhaps average joe investor as well.

As somebody who sees Bitcoin getting pumped and dumped by double-digit percentage IN JUST A SINGLE DAY, this isn't surprising anymore for me. I'll be surprised if this happens for no reason whatsoever, but this time, the FED stepped up to do some buybacks.

You know what surprises me more? The fact that there are threads here that are being created stating that "We are in a bull run" or "Is this the pump that we are waiting for the bull run to happen". Like they completely forgot that we are still in a bear market and these folks are acting like they're complete newbies. I might get ragebaited by those thread, but that's fine. Anyway, I guess this is the time that I will say that we've already seen the bottom with Bitcoin reaching as low as $58,000. This pump might be the final reason for me why Bitcoin will not touch $50,000 anymore at least in this bear market cycle.

I also don't know the exact reasons, but one obvious one is because the whales are taking this as an opportunity for them to accumulate at a much lower price because they believe that in a few years time, the price will go up and POSSIBLY double their money.

I separate myself from the gang of whales insofar as the buildup isn't essentially a new bull run. Large holders may make purchases when sentiment is low and prices are low, but this doesn't indicate a direction for the market. The recent purchases may very well be because some investors think the risk of a decline is minimal, but Bitcoin has come up trumps many times in the past. I would prefer to wait and see the overall trend, overall volume, and macro conditions rather than call the bottom based on whale activity alone. Speculation will have to be overturned by time if $58K was indeed the true low.