What awaits the BTC?

Grand Time
1 min readJul 22, 2022

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Tesla sold 75% of her bitcoins for $936 million. Sales were below the purchase price and became unprofitable.

Why do Mask and other big investors do this? Did they believe the rumors about the fall of the main cryptocurrency below $10K.

The main goal of the current bear market is Whales getting numerous of bitcoins at a minimal price.

When the main cryptocurrency reserves fall in centralized markets the market providing such Bitcoin amounts is possible only with the sale by its large holders.

This is what is happening now. What happened is what they wanted: the BTC broke the structure of the surrender.

In this situation, investors who bought BTC more expensive, began to ‘drain’ it, and numerous time buyers flew in with smaller amounts to raise the price against the sale.

What awaits the BTC?
It is logical to assume that in the near future the market will be “put the squeeze on” until the density reaches a critical level, which is just at the +/- $10K mark. And that’s when whales are most likely to make large purchases of Bitcoin.

What is your opinion?
What is the most likely scenario of the situation?

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Grand Time
Grand Time

Written by Grand Time

One Ecosystem for All Your Daily Crypto Interactions: Exchange, Wallet, School , Messenger, Social Mining, NFT Auction, Token Terminal. https://grandtime.org

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