I know some coworkers that sold BTC today, they are real casuals, they got into BTC because they heard it went up a lot, they don't know even to set a local wallet so they store their coins on Coinbase or wherever the fuck they buy at.
Well, they sold today at at the dip near the $4000 double bottom.
The irony is, these casuals are the ones that are always complaining about how it's unfair that BTC is distributed in the hands of few whales, YET, they are the ones that constantly panicsell and give their cheap BTC back to these same hands they are complaining about, because guess who is profiting the most on these dumps: whales. They buy lots of cheap BTC.
If you want whales to stop having so much BTC, don't panic sell or you will keep feeding them. Just focus on your own portfolio and keep stacking BTC on the dips. In the long term, we will win.
i coudlnt agree more, some are blaming whales when the move but actually, most fluctuation of btc price are dictated by panic sellers, whales are there just to take advantage of buying coins on a cheaper price, a lot of panic sellers are feeding the whales, so when the whales sell, it has a bigger affect on the market price, obviously, the ratio of whales and panic sellers are very much unbalanced, there are more small time traders, who are trading small amounts and panic sell when they feel that the market will go deeper, big whales on the other hand are outnumbered by small time sellers, do the math.