Many of you believe that this is indeed the season of altcoins, not the contrary. I have written about someone else’s post on this.
Current situation:
The market has been overbought and really needs a major correction of up to 30%. What we are seeing today is just a part of it. Who is buying? Mostly whales and followers.
Who has made a profit, the simple answer is whales and daily traders. Now many coins like Link have been bought excessively by whales, need to be careful, if they decide to sell then goodbye to your growth dreams.
Now there will be no price increase scenario, only pumping and dumping can be expected. If bitcoin drops below 95K to 92K, the adjustment phase will be completed. Furthermore, this is a great buying opportunity due to overselling.
So stop crying and stay calm, buy when you see a real opportunity, avoid panic selling, and wait for the real altcoin season next year.
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