During time periods of downtrend everyone needs to hold on something bullish so that they can Stil be motivated and not sell. There are a lot of things for that: mass adoption, being early majority maybe even TA. But the dumbest thing is "Whales accumulating", a lot of people find it very bullish that whales are accumulating, so this must not be the end yet right? Moon wen?
Well firstly I have to say that you will hear all year long that whales are accumulating, they are buying the dip. It just is not much of difference now, whales buy all the times.
Also you have to know that whales are also just as is human, they can't predict the market, they don't have a magic mirror or so to predict the future. They can make just as many stupid decisions as we do and they mostly do.
Yeah, even if they are meant to have a whole team behind them to Analyse the market. Five people won't be able to predict the future better than one, it's still just a prediction, a possibility.
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