Back to "normal"...
As it has always happened and will happen, we have the big whales again doing their thing with the "retail".
We thought we were already in ALTCOIN season and the good old BITCOIN puts us back in our rightful place..."six of one, and half a dozen of the other"...
The reality is that it seems that it is not yet time for celebrations with altcoins.
I have to admit that even I was confused by the explosiveness of BITCOIN these last few weeks, I even thought it had many similarities with the end of the 2017/2018 cycle and that made me very alert to the FOMO signals of the market.
However, the FOMO we are experiencing is nothing like the one I experienced then.
I don't think we are in maximum euphoria yet and that seems to give me confidence to expect to reach higher milestones in a few months.
Meanwhile, the big whales and institutions are going to be doing their thing with the price, making the retail sector lose its nerve in one way or another.
What is clear is that BITCOIN is regaining its lost dominance in recent days, thus closing the mini bullrun of the altcoins. But the dominance in Tether continues to fall or stagnate so there are no profits made or transfer to the altcoins. There is simply manipulation in search of the last sats.
I have already told you very often that it is worth taking profits while we are going up, but not doing it all at once because of what may happen.
We must leave some time to see if Trump's new management is going to be favorable or not, so the best thing is to enjoy Christmas without making hasty decisions.
@toofasteddie
I wonder... Are we at the beginning of a 30% crash? If we are, I didn't see it coming, even if I agree, we went up too sharply since the beginning of November.
It could also apply to the general market, not only crypto
Could be a 30% correction.
This is just the correction of the big pump we saw the last few weeks. But as you Said, there‘s more to come. We Are Not yet within the Crazy fomo everything goes up mind blowing Phase. That will come 2025 imo. 🤝🏻
Paper hands get shaken out right now. Mainly retail and „freshmen“
It makes me wonder. I guess BTC will just continue it's dominance for a while. I do think that we went up a bit too fast so I wouldn't be surprised if we went sideways or down for a while to correct.