Price dump is from over leveraged derps like TerraUSD, Celsius, Three Arrows, Blockfi, Voyager dumping to try and save themselves.

Of course, we know this has failed and over leveraged longs got caught as well. Then miners need to dump to pay the bills.

What is making the big money sh*t their pants though is retail keeps on buying and long term hodlers keep on hodling. Bitcoin keeps moving off exchanges and into cold storage.

This all makes me think the halving cycle will be a little different this time. Would not be surprised to see an all time high before the next halving.

Sure, wait for it to go lower if you like and it may well do so but I see the risk on the upside and shorts getting rekt.

HODL



Submitted July 04, 2022 at 11:44PM by BitcoinCitadels https://ift.tt/KcFL70a

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