Any solid facts to justify the sudden pump of market these days? Looks very unnatural with no signs of catalyst whatsoever. News said 20,000 bitcoins are ordered but around 100m to trigger a 40billion bullrun? That's really fishy considering they can profit way more than their buys, what are your insights on this? Organized whales or institutions strategy?
I am not sure that figure 20,000 BTC quoted is accurate, because its nothing compared to the growth the market witness in its market cap recently, in which bitcoin contributes at least 70% to the marketcap.
I still cant really spot out the main factor contributing to this growth and from which angle the growth is coming from, the institutions we know will be adopting the use of crypto currency are still yet to adopt it, which we would have said its the main factors and there is not form of very great news that would have triggered peoples FOMO to pump so much money into the marketcap, we just have to cross and fingers with care while we watch as events unfolds.