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Is it happening? Is Michael Burry right about the mother of all crashes coming? Are the whales dumping coins because they know it's happening?
Or is this just the summer slump because all the whales are cashing out so they can have fun this summer?

I'm in the red for the first time in 9 months and getting really worried. The market grew surprisingly fast over 6 months and then tanked in 6 weeks.

Is it happening? Is Michael Burry right about the mother of all crashes coming? Are the whales dumping coins because they know it's happening? Or is this just the summer slump because all the whales are cashing out so they can have fun this summer? I'm in the red for the first time in 9 months and getting really worried. The market grew surprisingly fast over 6 months and then tanked in 6 weeks.

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[–] • 1 pt

This is what I'm speculating:
The Chinese were the first to adopt mass mining about 10 year ago. Did the CCP finally pull the plug on mining warehouses? Or did the IMF or even the UN step in and tell them to stop or slow down because the prices were increasing too fast and businesses and investment firms want to buy in at the lowest possible prices and then restart the whole mining & market skyrocketing the prices even higher to the point of average people not even being able to afford to buy in.

[–] • 0 pt

Yeah, why they’re doing it is a mystery. We just see the results here in the rest of the world.