A quick one; ‘when there is less utility, so many things are likely to break apart. I will go into this in the later part of this article. We are experiencing a lot of clustering effect; something that is mostly considered a double look. How do we define clusters? A collection of a singular piece to form a group. It could be humans coming together, a collection of computing devices. Maybe we can say rainfall is a cluster of waters that unite to shower the Earth.
Little things add up. I was looking for a good example to start off this article. I decided to side with the star. I learned two things in the process; what I did not know and what I assumed I knew. First, I never knew the star was hot; it never for once rang in my mind. Secondly, I thought a Star was a collection of minute stars that formed one. I was wrong; a star is a ball on itself held together by a force. My biggest concern is how I missed the hot part.
Let's come back to things we are very familiar with. I am sure one would tremble seeing a single lion. Consider its size and large teeth. Let's compare this with seeing a single bee; nothing much, you can wave that off with your left hand. How about a swarm of bees? The story changed entirely, we are talking of something like a cluster here. Indeed, a swarm of bees is deadly.
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That said, let's roll into the discussion of the day; of course we are going to talk on crypto and if possible the entire financial markets. We have seen some sort of market disruptions recently.
The question of what is going on is more of a familiar statement. We know what is actually going on? There is a huge selling pressure attributed to whale’s decisions to take some profit in what is assumed a boring market for NOW.
On the other hand we can also add a reshuffling, this is where the altcoins market gets the big hit. Consider someone who just lost a Bitcoin position so decided to offload his altcoins holdings just to get back into the gamble. It is only disheartening it has been from liquidations to liquidations.
There is no doubt this has a massive effect. In yesterday's article, I talked about some big names that have been selling since July and which has triggered more selling pressure. It is very familiar; when the market is bad, blame the whales. Or should it be only the whales? Little sellings add up, we are focusing on clusters here. Whales most times trigger and the cluster selling pours in.
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A collection of medium sellers also adds up to drop crypto. A single whale account for instance pulled out $8 billion from the market and it triggered a herd mentality. Many smaller investors will start salvaging what is left. Consider how many smaller investors make up the entire market. We could be talking of an extra $3 to $4 billion offloading if not more.
This is one of the fates of the entire crypto market as we speak. We are yet to tell exactly when the entire selling pressure will cease. Personally, I always see both January and February to have market downtime due to big investor's break seasons; maybe the right English is a market sabbatical.
To conclude, let me add, we never can tell, since even is turning odd, it can also be the Vice from Next year. Nevertheless, I wouldn't fail to add that it ALL goes beyond green candles for the crypto industry to test true success.
A focus on utility should be prioritized, it is something that is easier said than done. With its dominance, I feel times like this would have had less effect because service rendering and businesses are flowing swiftly. Till then, the most focus still remains on price; whales are selling, clusters investors are also adding up.
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