Bitcoinist - Bitcoin is plunging after its all-time high, with analysts divided between calling it a normal post-halving correction or a larger sell-off fueled by whales and slowing ETF interest
https://bitcoinist.com/bitcoin-dump-expected-btc-boring-zone-whales-exit/
Bitcoin is experiencing a significant price drop after hitting a record high, with some analysts calling it a normal post-halving correction.
This follows a familiar pattern where prices surge pre-halving, then dip, and consolidate before potentially reaching new highs.
However, factors like whale selling and slowing ETF inflows are adding pressure to the current downward trend.
Beware of Bitcoin dumps!!
Upvoted! Thank you for supporting witness @jswit.
Yes. We really need to becareful of this period of high volitility. Also, if the bitcoin really drops alot, it will also cause the other cryptos to drop as well because investor/speculators need to redeem their other investments to fill up the loses. Being the big brother in crypto, drop in bitcoin will have a big negative impact to the sentiment of the crypto world. Please invest with care!