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#BTC
Hello everyone! 👋
It is possible that in the coming weeks, no new records for the value of BTC will be expected, and the movements may mainly be limited to smooth exhausting corrections with occasional sideways movements and small rebounds.
In my opinion, in addition to the 5 main reasons that caused the market declines, which I published on October 18, another compelling reason has emerged.
It seems that a carefully planned procedure for the gradual transfer of BTC coins from Retail Sellers to the hands of Institutional Investors, Government Funds, as well as Private and other Large Buyers has begun.
This is because today approximately 85% of all mined BTC coins, specifically about 17 million units, are concentrated in the wallets of Retail Holders. And only about 15% of all mined BTC coins, which is around 3 million units, are held by Large Holders.
The ultimate goal of the idea of the flow of BTC Coins into the hands of Major Holders may pursue the final indicator of asset ownership of more than 90% of the total volume of all BTC Coins in circulation.
It is possible that this could threaten to lower the value of BTC far below the $100K mark, as the only thing that can force most Retail Holders to sell their Coins is the loss of hope accompanied by disappointment, caused by colossal losses in Market Capitalization.
I think the initiators of the above-mentioned venture simply took advantage of a convenient moment, caused by 5 reasons, and now may try to take Control of the Market 🌟Cryptographic Assets🌟 to manage it.
#ETH #XRP #SOL #TRX