Nothing To Be Worried About! Just Buy The Dip

Nothing-To-Be-Worried-About-Just-Buy-The-Dip

The price has been rejected since it reached a new ATH ($69,000). But if we take a look at All Exchanges Reserves, we can see that it has been in a strong downtrend even when strong shakeouts and rejections have happened.

Also, in the recent drop in price, Exchanges Reserves continued to fall. This means that strong hands are accumulating Bitcoins from weak hands and withdrawing them to their wallets. This is bullish, as mentioned many times before.

The recent shakeout was mostly driven by the announcement of the new variant of the coronavirus. The same has also happened in other financial markets. But we haven’t seen any dangerous activity from big players, and long liquidations caused the massive drop in the price.

Nothing to be worried about, just buy the dip.