Today many people stating that the bitcoin is rapidly falling because of the outbreak coronavirus, it is because they are limiting the transactions for over the world and stop trading for a while but they forgot the whales those are the people who can be responsible for this changes because they have the huge amount of coins holding from the previous analysis still there is a 42% of the coins still not circulating for over two years and this is a cause too why the market price of the cryptocurrency is not good enough again. If you can see the market price of the coin having changes and going up rapidly in just a single day and back to lower price this is because of the whales they are diving into the dip and grabbing the opportunity collect coins as many as they can because the halving will be coming in the next few months and expect that the market price of the coins will back to huge changes.
Whales aside, we should not forget that bitcoin is not exempted from dumps.
The pandemic shook the world, forced people to rush in for fiats, and investors got in at chance and bought low,
When it comes to bitcoin prices, or altcoins there will always be whales, and theres a saying that states that it is good to buy low, so when you sell high, you will be in great profit.
Dyor, and get your trade basics intact.
