One of the major players (whales) named Garrett Jean, referred to as "Trump's insider" in Western media, recently dumped 5,000 BTC (approximately $350 million!). Moreover, he withdrew USDT from Binance for this purpose, which clearly hints at a sale.
An important point: the guy still has over 30,000 BTC left after the sale (around $2 billion). So he didn't go to zero; he just slightly fixed his profit or reallocated. But the mere fact that such a prominent figure, especially one associated with politics, is selling makes people nervous.
📉 What about the price and forecasts?
Against this background, as well as the overall trend, experts are making gloomy forecasts. One analyst (Colin Talks Crypto) believes we are currently in a "bearish" cycle, which has only completed 35%. According to his calculations, Bitcoin could drop to around $49,000.
Currently, the coin is hovering around $70,000, while the fear and greed index is at 11 out of 100 — this is "extreme fear."
🧐 What is happening on the exchanges?
Here are some interesting data:
· On February 3, there was a massive influx of coins to the exchanges (people were selling), and the price dropped to $65-68k.
· On February 6-7, on the contrary, there was an outflow (coins were taken off exchanges, possibly to cold wallets), and the price stabilized a bit.
· Currently, the flows are more or less balanced.
📌 My conclusion for those in positions:
1. Do not panic. One whale sold — this is not the end of the world. Such guys often move the market to buy cheaper.
2. Keep an eye on the trend. Other analysts (for example, Scient) advise not to catch the bottom but to wait until the price clearly breaks the current downtrend upwards. Only then can we talk about a reversal.
3. Money loves silence. While the news is alarming, the market may be volatile. If you are not sure — it's better to wait in stablecoins or reduce leverage.
