/biz/ - Business & Finance

I here alot of people saying Bitcoin will go below 5k and then alot of super bears saying 1-2k. While below 5k could still happen as a true bottom, we could of already hit the bottom. Regardless, one thing most people don't take into account though is that in order to get bitcoin down below 5k, whales are going to have to do a majority of the selling to get it there since they move the market more than us. This means they have to sell their own bitcoin below 5k to get there. The problem though that comes with that is that you have institutions laying the infrastructure for large institutional investors to buy up crypto in large amounts. So the further it drops below 5k, the whales are risking selling their bitcoin really cheaply to new whales who can take their spot as whales and come to dominate crypto in their place. The lower it goes, the more they risk selling a bottom and getting caught by whales ready to pounce on the chance of being a btc whale.

Just imagine if you were a chainlink whale with over a million chainlink and the price is down below 20 cents. Is it worth the risk for you to sell a million link just to get it down a few cents? You run a massive risk of some guy who has alot of bitcoin buying you out and now you lost all you link for a cheap price? I'm going to say that is a big risk for you as a whale. I think the same logic applies to bitcoin whales, especially with big pocketed institutions watching closely.

Another thing I see is people saying 2 year bear market. This I also think is dumb because the exchanges are some of the biggest whales in the market and they thrive on volatility. So having a dead market for 2 years is totally against their business models. Why would exchanges and large institutions risk crypto dying out when instead they can ramp it up again and cash out the top? They thrive on volatility and understand selling the tops better than we do. They can make alot alot of money from the crypto train. Just my 2 cents.