Today many people stating that the bitcoin is rapidly falling because of the outbreak coronavirus, it is because they are limiting the transactions for over the world and stop trading for a while but they forgot the whales those are the people who can be responsible for this changes because they have the huge amount of coins holding from the previous analysis still there is a 42% of the coins still not circulating for over two years and this is a cause too why the market price of the cryptocurrency is not good enough again. If you can see the market price of the coin having changes and going up rapidly in just a single day and back to lower price this is because of the whales they are diving into the dip and grabbing the opportunity collect coins as many as they can because the halving will be coming in the next few months and expect that the market price of the coins will back to huge changes.
You have a point, if we cannot follow the flow of the market then we will be losers in the end. The halving is still upcoming but there are many holders that are selling their assets already because of the pandemic or the outbreak that we are currently facing right now.
For small investors, this happening are pretty bad because the market falls pretty bad but for the big whales this is the best opportunity to buy more in lower price and dump it once the market will bounce back again. These kind of scenario is keep on happening base on what I experience because the market behave like this in order to for big whales to profit so it is better if we will just follow whatever the happenings in the market without thinking negative.