m0nkey pfp
m0nkey
@shadym0nkey
Reason for the Recent Bitcoin Dump ๐Ÿ“‰ A few days ago, $BTC was nearing the key psychological mark of $100k, but it got knocked down by a 5% drop. One technical analyst on Twitter linked this dip to profit-taking from holders who bought $BTC around $50-60k, which is a natural market reaction ๐Ÿ”„. Interestingly, MicroStrategy (Michael Saylor) and the Spot BTC ETF absorbed nearly 90% of the sell pressure ๐Ÿ“Š. What's also telling is that long-term holders are continuing to hold their Bitcoin, indicating that this bull run isnโ€™t over yet ๐Ÿš€. Another key point: Despite Bitcoinโ€™s drop of $5-6k, altcoins are holding strong, signaling the start of the altseason ๐ŸŒ•. 1. Approaching key ATH (now $100k, previously $40k). 2. Slight $BTC dominance decrease. 3. Bitcoin correction (weโ€™re here). 4. Fast dominance drop, and then altseason begins. The wait isnโ€™t long now, and those who remain patient will be rewarded ๐Ÿ’Ž.
0 reply
0 recast
1 reaction