I wouldn't be surprised if we get a few 10k daily candles pretty soon with all this FOMO buying. Can you imagine the rush if BTC pumped 10k in a day? Especially now that regular folks can just buy into a Bitcoin ETF this cycle.
The halving hype is gonna be absolutely insane this time. We're in uncharted territory with all this institutional money piling in before the supply squeeze. Who could have predicted we'd be at these price levels already before the halving even kicks in? Just buckle up, because we're in for one hell of a ride!
We are now at the phase of the market euphoria and you know what that means, wall street are here and everyone will make money because there is smart money from them because they do the bidding of the pumping. We can conclude that halving is one of the reasons why we have these runs but so far, the most influential people here are the institutional investors, Microstrategy and ETF buyers which is most likely controlled by Blackrock.
Today, just after the new daily candle open, Bitcoin crash to $67k but when the whales were tipped that Microstrategy bought another 12,000btc, the market pumped Bitcoin to $72k which is now a new all time high, I just hope everyone remain guided so as not to be dump on particularly when institutional investors want to exit some of their profits.
I share your concerns about the current market euphoria and the influence of institutional investors like Microstrategy and ETF buyers. It's clear that their actions can have a significant impact on the market, as we've seen with Bitcoin's recent price movements. However, it's essential for investors to remain cautious and not get caught up in the hype, especially when institutional investors are looking to take profits.
That being said, it's important to remember that market corrections and dips present opportunities for savvy investors. Take Bitget's native token, BGB, for example. It experienced fluctuations in price, dropping from $0.7 to $0.57 before surging to an all-time high of $1.15. Those who capitalized on the dip would have seen significant gains when the price rebounded. So, while it's crucial to be aware of institutional actions and market dynamics, it's also essential to recognize the potential opportunities that arise during periods of volatility.