Bitcoin simply reacted to what was happening on this forum especially. Better to trade according to Bitcoin or crypto activities of the one/ones with the most influence here than moving against him/them.
The so called big players are all distractions. Their effect on Bitcoin price is close to zero, if in doubt, let them choose a week/month to move it to any direction they wish either by "pumping" in alot of money into the market or othwise. Price will move on the contrary side. *If they decide to do this, let this forum members especially those with the most influence be informed about it.

Things that are most connected to Bitcoin move the price the most. So, you have to find out what the "big players" support or promote about Bitcoin to determine if they can really move the price to the direction they wish. If they don't consistently support or promote its principles like true decentralization, self-custody, transparency, immutability, privacy, community consensus etc then their influences on the price is as "big" as that of newbies who are still discovering Bitcoin.
What gives Bitcoin a massive boost are the extraordinary, and things that are according to its ideals. That's where the value is..

This is only if you engage in futures and margin. I don't think the market is that volatile for a spot trader nlg to k know when to exit the market early, maybe futures can be a big blow on the face considering the fact that you are leveraging your trade and it might cost you but normal spot trader shouldn't have a problem exiting the market quickly especially when Bitcoin has already been giving the sign, it tasted $109k multiple times before it finally broke it.

I have made my peace that anytime I consider future trading, I will make sure that the market is going to be my friend, I will not go against the market. You can sense the market was giving the signal but some bear people will believe what they want to believe. Even if the public seeing it, if they are the only person that doesn't see it, no bull trader will make them change their mind and sometimes really ponder why some people are these stubborn about market beliefs.

A lot of them are still betting on Bitcoin to finally do the overturn and do what it never did, which is falling to the bottom and not returning again in between two Halvings.  That is it in my opinion, nothing more.

Some people are REALLY hoping for Bitcoin to finally do it so they can finally prove themselves to be right and prophets of the doom of Bitcoin.

I think most people here on the Bitcoin forum believe we are still in a Bull market
and have been pretty much since the halving. I'm not a trader but I have heard the
phrase "Never short Bitcoin in a Bull market"

Leveraged trades in particular can be a dangerous trading mechanism particularly
for those who are inexperienced and those who are over exuberant with very high
leveraged positions coupled with not being able to read the signs of market movements.

I think it only happens in futures trading where you can lose assets in an instant if you go long/short, the market price is very volatile, it has a very big risk if you do futures trading but with high rewards, it is different if you do spot trading, your assets will remain intact even if the market is down, you just wait for the price to return to normal to sell it or you can sell it at a loss, but that is better than losing all your assets.

I cannot but compare these bears to gamblers. I'm sure not all of them have deep chart analysis to back their positions. I guess many of them are simply driven by the fact that Bitcoin has been rising for the past few years, growing several folds. They must have thought the time for it to finally correct big-time is now. It's long overdue. Well, it doesn't necessarily mean that since Bitcoin has been making ATHs after ATHs for the past 3 years, it will finally tank. There might be more ATHs in store for us in the short-term than we imagine.  

Also, the past few months have been up and down sideways, but that's only after Bitcoin plunged to the $70,000 level in April. They probably thought we're going back there one of these days.

Well, they're wrong. But lessons were learned. Perhaps they should go long next time.

Yeah using leverage to short or long bet is a fools game. People think it is easy to multiply your money with leverage.
It isn't. You will end up with many losses before getting a win, so in the end you are lucky just to break even with
your short or long bet.

So you went through all that hassle and stress just to break even. What a big waste of time.
Leverage can be deceptively attractive making people think they can 5x, 10x, even 50x their money in a short time.
What they may not realize is the exchange itself and other whales are actively placing bets against you.
Their goal is to liquidate you, and they usually succeed. Where do people think the money is coming
from to pay off a 50x, 100x winning short or long bet? It is highly manipulated. Money doesn't come that easy.

You have better chances by playing the roulette wheel in the casino. But there are no shortcuts in life.
The only sure thing is buying bitcoin and holding for a long-term investment.

Because they were trying to catch the peak and sell it.

Not a bad idea in theory, but it usually never works in practice because they keep missing the actual peak.


When was the last time we saw something like this? 2021? I don't think we have ever experienced sustained consecutive ATHs since then.


They simply borrow money from the exchanges to make those trades, but the trouble is, the market movement is basically random enough that 20%, 10%, 5% price changes in the wrong direction can completely wipe out your position because that's basically the "risk" for the exchange to place such positions on you.

Exchanges are simply giant order books anyway so if there was an exchange that was secretly holding open positions, that would be a scandal since they would basically be trading with itself and creating a fake trading volume.

The only thing I'm uncomfortable about is the last bit of this truth. Yes bears are in disbelief because they were forced to liquidate but Bitcoin indeed is in a pump. Smells like a good old fashioned pump. I think big ATH coming, but does not look like a nice rise that I prefer.

Low volume on Binance and on Kraken.

US money is expected to get rate cut.

And companies all doing switch to 'crypto treasuries' but not BTC, rather SOL and ETH.

Yes! I can say what happened in 2021 is similar to what is happening now. The consecutive ATHs happened out of the structural imbalance between demand and supply, in 2021 it started when paper bitcoin was the talk of the town, and now we are seeing massive demand and supply.
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Not just that, 1st ATH to current ATH is > 1 year!

In any free market, both bears and bulls play important role, and you can't certainly stop one for the other.

It's the time of the bulls, so what? Why the mock? Haven't we seen bulls getting roated in the time of the bear? So you don't mock those who are trying to contribute their quote into the market.

The only reason I blame such people is their recklessness. Anything you do in the market must be managerially planned in case it goes south.