Good evening to all my friends. I hope you all are doing well. I am having a good day. Let's talk about crypto market. Bitcoin is dumping hard and now trading below 40k which 20% dump from 49k. I think max we can go is 35k after that Bitcoin will take reverse. Funding rates were crazy in last few weeks because everyone were busy in longing Bitcoin at top. Now Bitcoin liquidated all the leverage traders or you can say if anyone closed long position, i am sure they closed in loss. You know why Bitcoin dumping, grayscale sold so many Bitcoin that i lost my count and another news coming out that A Bitcoin whale sold a massive 59,000 $BTC, valued at a whopping $2.4 billion and What's interesting is that this whale had bought these bitcoins just last year, getting them at an average price of $26,000 each. He has made a profit of approximately 12,969.45%. That's how whales make profit buy low and sell high but what noobs do is buy high & sell low 😁.
Btw as i said took profit when Bitcoin was trading above 48k and now i am very happy because i have funds to buy in this dip. Bear market is over guys and you should start buying. Matic is one of those coins you can buy without any fear because in upcoming months there's so much going to happen in matic. Other coins are FET which AI coin, NEAR, NAKA. All these coins are well researched and if you still want to check then do your research as well. I will only say dips are for buying, don't ignore because after halving you will never get opportunity to buy any of these discountable coins. That's it for today, here's the latest update video of crytpo market. Thanks & have a good day!!
@abfarhan