Bitcoin has entered the stage of “roller coaster” – whales are washing out billions of dollars from ordinary investors

Try pouring water into a narrow-necked container under high pressure. Despite your best efforts, you will not be able to fill the container to capacity. The only way is to reduce the pressure and pour water in small portions. Surprisingly, this is completely identical to the strategy of large cryptocurrency holders who arrange a roller coaster for ordinary people, swinging the course in different directions.

Bitcoin and other cryptocurrencies are overheated. Many are convinced that raising the price of digital money to $ 40,000 will not work out yet. How to make money in such a situation? That’s right: rock the market. Recently, we have been witnessing a huge amount of money being washed out of the Bitcoin market. Most recently, there was a sharp collapse in cryptocurrency, in which large exchanges closed contracts worth billions of dollars, and the damage to ordinary investors amounted to $ 1.4 billion.

Yesterday, the cryptocurrency was growing, and people were buying it at a price of $ 33,500. Analysts talked about a quick growth, which only pushed the market, and today the rate has fallen sharply. At the time of this writing, both Ether and Bitcoin sank 9-10%. At this time, many, fearing the collapse of digital money, throw it off, but whales are buying cheaper in order to sell it tomorrow, but at a higher price.

How long such an outrage will last is unclear. A week, maybe a month. In 2018, this situation preceded the collapse of the exchange rate, when it became clear that nothing more could be squeezed out of the crypto hamsters.