Why are the whales abandoning Bitcoin?

Why are the whales abandoning Bitcoin?

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Because its a ponzi scheme that has no real value. Its measured in USD because it has no use other than being a way to launder USD.

I guess if your a criminal its great otherwise its a pozi and whales are dumping on fidelity and the like who started crypto funda

Simple as.

They aren't

test

They want to liquidate the gamblers with Kangaroo charts.

They're not.

BTC has the most +1 btc wallets ever at a price of 27k US dollars. Doubt it

Prove it.

That and BTC is gaining massive dominance from such a small range. A range of 27k to 30k has caused a massive continuous climb in dominance

The "whales" are financial institutions who view Bitcoin as a risk asset. They're abandoning Bitcoin because they view the current monetary and fiscal environment as bearish for risk assets.

Why do we need to prove a point that OP made?
Go to school and learn how this shit works, retard

Checked. Came here to say this.

is nasdaq and sp500 the same ponzi? because they look like crypto now.

The companies on those indices actually sell products or services and give dividends to shareholders.

what? they're not abandoning it at all they're moving the price down so they can buy it for cheap when no ones looking

The more btc you got at cheaper prices the lower you are willing to sell at if it looks like there is a crash coming. Pretty simple stuff.

the price is going down because i am buying more

Whales are buying

So Why can’t the price even hold 28k?

10 billion shrimp are selling