Good thing that I am not some newbie in this business, I know how they are going to maneuver/manipulate the market so I continue to hodl and accumulate because I know that what the whales are drawing is that they want to shake off the panic sellers so the prices can further go down and then they can finally buy back what they have sold in profit.

I guess it's pretty obvious, the whales have deep pockets and will continue to accumulate as long as bitcoin is very cheap on their eyes. As compare of like average joes, who might invest money that they can't afford to lose and hoping that they will hit the jackpot in short amount of time.

Nevertheless when the price goes down, just like what we've witnessed in the last 2 months. They sold in fear and panic.

This is generally how markets work, those with deeper pockets who can withstand downturns will force out the smaller players who can't. This is why the argument that "invest in crypto with money that you can afford to lose" has some validity.

The difference with the beginners, they are dependent on the income from trading, while the whales are not, they have 1000 alternatives to make a profit out there. So whenever they want Bitcoin price to go down he will be ready to take part at any price. Take advantage of market conditions when beginners feel the price collapse.

even the ones who are not whales can participate in the trading though and if they see the price had reached its heights, they will sell and see if they could buy after. some of those who sold this time are out of fear believing the price will still drop.

when it somehow tried the breakout below $30K, it must have been very disappointing for them while the price bounces back up. and now they are not sure whether to buy at $32k or wait.

For now, those of us who feel like amateurs are really afraid to process the time ahead.maybe we as amateur players still have doubts even though many rich people are still making large purchases, but what they are doing right now has absolutely no effect on the value of bitcoin. maybe we are more careful in making purchases for the current time so that we are not too rash in responding to it

You will surely lose if you will let your fear deceive you into selling. There are a lot of FUDs in the market as usual yet you should already know how things works out here. We should know how to outsmart the whales so that regardless of what games they are playing, we may know how we can still take advantage or benefits from it. If we would stay like how regular investors commits to their investments wherein fear usually pushes them forward to make actions that they will soon regret, we'll never be able to gain benefit here in the crypto world.

Is A Short Squeeze Upon Us?

The massive sell-off and continue to sell on the market since May don't solely come from miners. The distributions of bitcoin entities change from weak hands to strong hands and you can see it with changes in wallet cohorts.

Generally those charts show good signal that the bull trend is not over. It will be back after the consolidation.

The time period doesn't support me to buy more. So, to meet the expenses I'm selling. Same as me most of the small hodlers seems to be selling, because this is a disaster period for the middle class whereas the elite are enjoying through different forms of investments.

Most of the time market variations affect the middle class in large scale than the large hodlers, because the middle class in terms of small holdings contribute to a massive volume. When the whales manipulate it disturbs them and makes them sell. Now even without pressure majority would've sold due to the pandemic impact.

in my opinion the new people are the ones who always have a fear mentality and they sell at a low price it's a loss, and the rich people why they get richer because they don't panic and don't buy high sell as low as amateurs new to the market.