there is some resemblance between this cycle and the 2013 one, but I believe this market has entered a super cycle. The metrics are no longer the same when talking fundamentals. I have no doubt though that whales are tricking a lot of dumb money into selling right now. What I believe though, as the financial systems are revamped and cryptocurrency is eating the lunch of traditional finances is that these whales will likely not dump as we did back in 2017. What was Bitcoin back in 2017 and what it is now?
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Yeah, even after a correction, whales are still buying at these levels, not selling.
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