Most of the fiat invested in bitcoin was bought at prices over $500-$600.
This crash may look insignificant at face value, but it is creating many many bagholders (i.e. new resistance for future rallies). Hence, why bitcoin has the greatest difficulty going over $700 as of late.
This crash may look insignificant at face value, but it is creating many many bagholders (i.e. new resistance for future rallies). Hence, why bitcoin has the greatest difficulty going over $700 as of late.
It's always like that before a rally. The people who just bought become .... bagholders. They later become hodlers!!!
Nothing to see here .....