Post
Topic
Board Bitcoin Discussion
Re: The Dormant Address have been woke up, Are you worry?
by
Cookdata
on 26/04/2023, 12:15:00 UTC
I actually don't care about this because for me btc price will always fluctuate for various reasons. But when I look at this, maybe a bit worried, I don't know how many people in 10 years ago still own a lot of Bitcoin until today and sell it at the same time. So What you're though?. why are they selling it now, and not on ATH acouple years ago?.

I think market makers are skilled at manipulating the price of Bitcoin using news like this. I noticed that when there is no positive catalyst to push the price up, such news tends to appear, and market makers often take advantage of the fear, uncertainty, and doubt (FUD) surrounding long-term investors selling their Bitcoin by having an open short order.

I even find it difficult to comprehend why there is FUD over a mere 2k Bitcoin because it is a small amount that can be absorbed by the normal trading volume on weekdays without causing any significant damage but traders will always tend to create panic, and the media also contributes to this by trying to create sensational news that generates attention to their websites.