Mt Gox has to be a catalyst of this dip, we are seeing upwards of 9B in crypto to be distributed back to holders. These same holders had the cash option in March but chose coins instead. People are overestimating the number of these coins that will be sold. Many of them are OG’s and I doubt these are their only crypto holdings. Think it will be a buy the news event.
At the same time FTX will distribute upwards of 15B in cash to crypto investors in the next couple of months (which I think combined with rate decreases + presidential elections in the US) will trigger the bull run.
Stay patient my friends, don’t panic and scoop some value coins.
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