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From the perspective of whale holdings, has the current round really reached its peak?
The price movement of BTC is unrelated to retail investors; it is driven by whales or institutions. Since 2018, the peaks of the two bull markets have shared the same characteristics:
1. As it approaches the high point, there is a significant reduction in holdings by whales.
2. During the reduction of holdings, positive news will be released to create FOMO among retail investors, and the price will still have a period of increase, along with the whale reducing holdings.
Let's take a look at this data chart,
View OriginalThe price movement of BTC is unrelated to retail investors; it is driven by whales or institutions. Since 2018, the peaks of the two bull markets have shared the same characteristics:
1. As it approaches the high point, there is a significant reduction in holdings by whales.
2. During the reduction of holdings, positive news will be released to create FOMO among retail investors, and the price will still have a period of increase, along with the whale reducing holdings.
Let's take a look at this data chart,