We may or may not be in a bear market, but $BTC is. So why keep buying BTC?
Looking at the #BTC chart, we can certainly say we're in a bear market. Will we see further, more brutal corrections? Yes, we could drop to the $50k zone before a rebound. There, we'll see a 60% correction, which I find normal and realistic. But as I always say, the probability of falling further into this range is very low because BTC has become far too heavy now, especially with governments accumulating it.
This morning, Binance's SAFU fund bought another 4,545 BTC for $304.58 million, bringing its total purchases to 15,000 BTC, or about $1 billion.
Why are they buying now? Why not wait for a lower point since everyone's predicting BTC will hit $45k? They're using an investment strategy called Dollar-Cost Averaging (DCA), which is very effective for the long term.
I think you should look at someone like @CZ , who sold his apartment to buy BTC, and everyone thought he was crazy, but he ended up being proven right.
You just have to follow him because he's very experienced. So, I'm starting my #DCA , what about you, bro?
