He has some point. Even without the tax day or whatever, I think prices have fallen long enough now for there to be a short term adjustment upwards in price. The consolidation at the current level has been going on for a long time, and it's much more likely that we experience a small bull run before dipping further down to the eventual bottom.

But just because he said this, doesn't mean that this is 100% guaranteed to happen, even though he is a whale. Prices may have gone up today simply because he had announced this in the news, and he's just taking advantage of this rise in price for his own positions.

But his bitcoin misery index is pretty much at an all time low, and that's something that I think is quite accurate. Therefore, whether or not we may be going down further in price, it's a good time to start loading up.