This is just one of the possible scenarios, no1 is sure what will happen, so keep that in mind.
Recently we had a parabolic advancement, they usually retrace more than 80 proc in any markets. There is an unfilled gap at spike from 4 - 4.7k, having is coming in April, 86 proc BTC already mined. Whales need to accumulate as many BTC as possible from retailers, easiest way is to induce market capitulation. Keep in mind that derivatives market (futures, perpetual contracts..) is 18x bigger than spot market and has a huge impact.
Recently we had a parabolic advancement, they usually retrace more than 80 proc in any markets. There is an unfilled gap at spike from 4 - 4.7k, having is coming in April, 86 proc BTC already mined. Whales need to accumulate as many BTC as possible from retailers, easiest way is to induce market capitulation. Keep in mind that derivatives market (futures, perpetual contracts..) is 18x bigger than spot market and has a huge impact.