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Bubble bursting? Or just a bad week?


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Posted

This is due 1 reason, Whales, people with a boatload of BTC.

They are creating huge sell walls(putting millions on a sell order), so everyone would have to sell for lower => price drops.

Whales pick up the BTC for a penny and remove their insane sell walls => price goes back up.

If you look at the chart of 12-15 hours ago as of this post, you can see the example ;)

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