After a long period of stable trading we have seen a steady rise in the price of BTC over the last month, and just as it looks like it might rocket, we see a 25B sell off.
Why?
Simple economics & share trading. Many think the "Buy Low, Sell High" is the only way to make money.
But the reverse is also true, and has been demonstrated for years in the gold markets.
Basically the "sell high, buy back low" is also a great way to earn from an investment.
But looking at the bigger picture, one might wonder if other forces are at play right now.
If the banking cartel got scared that another 20K BTC price point was looming, then 'selling off' BTC would be one way to try & control the BTC market.
Sure it would cost them some to buy in, then sell off at a lower price, but the alternative is a complete and final collapse of the fiat, counterfeit system.
So either the cartel are trying to control the BTC market, or BTC investors are simply pumping & dumping to make money. The later is how markets work.
The end game is BTC will not be going away, so maybe now is a great time to buy in & be ready for the next pump.
6 K or 8K is small change compared to where BTC will be going later this year.
Time will tell
https://bitcoinist.com/bitcoin-crypto-markets-dump-25-billion-pullback-fears/