Market Update

As the market takes another slow trip down, the whales are accumulating. They are buying up all of the dips. To most this market may seem helpless and wise to avoid. To big money this is opportunity. As I have pointed out in prior posts, on chain analytics show that there are more addresses holding 1 or more Bitcoin than ever before along with just over 2 million Bitcoin left on exchanges. 

I am not worried about the short term. It really doesn’t matter one bit to me. This price action may place some pressure on the micro caps just. That is fine as well since many of us have already taken plenty of profits. In the meantime we have till the end of May of next year for the halving event. Big players are positioning themselves to benefit from the coming bull market. 

In the meantime, I am going to simply let the price do what it is going to do. I am relaxed and am in this for the long run. I hope you are too. 

Toby