So while this question is commonly reiterated in the sub, some factors are making me have a tough time predicting my next buy-in.
- Firstly, The ETFs are putting so much resistance and buy pressure on BTC and soon ETH that I'm wondering if we are even going to get a post-halving dip, or if the dip is going to reach lower levels than right now. Usually the halving promotes a large spike in price and historically whales then dump some liquidity after the halving, which causes a mass dip, and then buy back heavily causing a massive appreciation in the summer times. But when large companies such as BlackRock have to continuously buy btc to meet etf demand, we might have enough resistance to withhold a large dip.
- Secondly, we haven't even had any corrections this run-up so far. Usually, we see constant 20-30% dips even before halving, so far, BTC has been a stable appreciator, which in all honesty is unlike crypto. There's a possibility whales are bringing up consumer interest and demand to keep buying and then suddenly dump and liquidate all of those retail buyers. Im assuming that, that hasn't happened yet because there isn't that much retail in yet. Most of the recent price appreciation was due to the ETFs, so I'm assuming to expect the unexpected soon.
- Lastly, there's a strong BTC dominance going on right now, while there are some strong gains in meme coins and AI coins, so far altcoins have more or less been showing stable growth but nothing astronomical that we could expect in an alt season, hinting that the real run-up hasn't happened yet.
Are you guys buying or waiting now?
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