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RE: Bitcoin Futures and Bitcoin Consolidation
No sellers have gone anywhere, they are ALL just waiting to jump right back in once BTC starts going up again. In addition to them, you have a huge number of new and large investors coming in including many institutionals. This is ONLY the beginning for BTC and YES you are right that they needed the price low to stock up on crypto before they unleashed the futures trading. I expect by end of July or August we will be back above $10k.
I am a hodler, but I sell when and if I need to. I "needed" more silver right before Christmas :) The futures have very little effect on the trade value of BTC, but regardless of price if the "billionaires" liquidate short positions and lock in longer positions, the price does not matter. Follow the smart money....also maybe.....the smart contracts.
There will always be sellers. They won out during the correction because many of the people who bought in only did so because of a dream and no plan. Their lack of knowledge led to an emotional collapse followed by doubt and FUD. I feel bad for the guy who sold his entire house at around 7K.