Post
Topic
Board Bitcoin Discussion
Re: Strange coincidence
by
LogitechMouse
on 27/11/2020, 02:17:17 UTC
Bitcoin whales number has hit ATH, price went up so fast to $19k and suddenly dropped by 16% today without any rational reason with huge liquidations happened on exchanges. Does anybody else see a conspirasy theory here or it's all pure coincidence?
No strange things whatsoever. Just a normal event that is always happening when Bitcoin's price is going up and up.

Its normal that these whales or some investors will take profit at a certain price level. Not conspira-shit theories again.
Or possible this tweet is the catalyst: https://twitter.com/brian_armstrong/status/1331744884856741888

Either way, the dump is a healthy correction for me and I expect for a more further downward movement Tongue.