Let me tell you a phenomenon analysis for your reference: During this wave of Bitcoin’s decline, if you observe carefully, you will find a phenomenon: starting from 73,000, almost every integer level will be repeatedly competed for and then lost; compete again, and then lose again. Yesterday, we also discussed that although ETFs are at their peak, with micro-strategies exceeding 20 billion, they are still trillions compared to the overall trillions. Both of these are obvious signs, and there are many movements of giant whales that we cannot see that are formed under the water.
ETFs stimulate more emotions, but the real sway of the market is those giant whales we don't know. It takes time to recognize the price. If the price rises too fast, retail investors are unwilling to enter the market to mess with me. What about institutions cutting off each other at a high level?
Therefore, retail investors can be thrown off the bus in stages, but in the long run some retail investors must be picked up. Therefore, this is probably not an ordinary callback. There is no need to rush to buy the bottom.
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