Part 2/6:
The ShakeOut witnessed Bitcoin prices plummeting from over $100,000 to approximately $94,000. This pattern seemed almost methodical, as there appeared to be multiple spikes and abrupt drops throughout the trading period, suggesting a deliberate attempt by larger market players, often referred to as "whales," to shake out long holders and leverage traders.
George recounted a similar incident from the prior week, where Bitcoin experienced a similar dip from $104,000 to $92,000. His depiction of the latest ShakeOut indicates a more nefarious strategy at play, designed not just to liquidate levered participants immediately but to assert ongoing pressure on the market.