Quote from: bitLeap on Today at 02:52:45 PM

Quote from: virasog on September 08, 2023, 03:20:33 AM

If the market dumps further, I will not panic and if I have more spare money, I may accumulate more bitcoin. I am confident that this bull season will be the best so far as it will be initiated by institutional investors.

Also, to keep my bitcoin secure and to remain calm in times of dump, I have moved my bitcoins in cold storage so I never get tempted to sell on small profits like i won't be selling on 2x profit if bitcoin reaches 50,000$. My targets are clear and will sell in parts after bitcoin reaches new highs.

What about the latest news from FTX which has been given permission by the court to liquidate its assets totaling more than $3.4 billion and the sales process will be done in stages every week, namely selling assets of around $200 million. At the same time, this is also a threat or blessing for us smallholders if we really have cold funds to accumulate. Then this moment will increasingly make the bitcoin ETF initiated by Blackrock et al buy at cheap prices. So are you ready for this massive sale to maintain your confidence in Bitcoin's ATH?

Following are some of the assets that will be liquidated.

https://twitter.com/WhaleChart/status/1700490945471414690

If you look at the capitalization of the entire crypto market (currently more than $1 trillion), it seems to me that this won't be a big problem for prices. Moreover, there will always be those who will buy at cheaper prices, this will happen sooner or later. Perhaps even in 2024, after the Bitcoin halving, which will be the reason for the start of a bullish rally. This seems to me the most likely scenario at the moment.

I wouldn't want larger Bitcoin holders such as MicroStrategy, who control 152,800 BTC (which is equal to 0.7% of the total BTC supply) to sell. If several of these large campaigns sell out in a short period of time, it will be a nightmare.