I see whales start accumulating now , they want filled bag fully with potential assets in market. if we looking bitcoin or cryptocurrency fundamental, everything looks good now and even alot legal tender started in several countries. for long term we should not worry this volatility , potential altcoin will back to ath and even create new high.
They are really smart. They see the price low and they know that they could make so much money from this period. They know that bitcoin will not drop to zero, they know that ATH will be broken "one day" again, and this eventual returns is all they need. They are just talking to each other saying that if they buy from 40k and lower right now, and it reaches 80k even somewhere around 2023, that would be 2x and where else they could get that? Tell me, how easy it is to make 100% return from stocks?
It is not impossible but it is not common neither. Whereas making 100% if you hodl bitcoin for one year is quite possible and actually pretty common as well.