$BTC Whale confronts shark! Bitcoin plummets 30%, yet this group is crazily bottom-fishing!
Recently, Bitcoin has fallen nearly 30% from its peak, with prices oscillating around $85,000, causing many to panic. Interestingly, on-chain data revealed a shocking piece of information: those 'shark addresses' holding 100 to 1,000 Bitcoins are accumulating at the fastest rate in 13 years! In just one week, they have purchased over 50,000 Bitcoins, clearly taking advantage of the dip to make significant buys.
What does this indicate? It shows that the truly capable medium-sized players and some institutions in the market have not been scared off by this drop; instead, they are buying more as prices fall. They often have a keener sense and make more decisive moves, which are usually seen as a signal of continued confidence in the market's future.
However, the short-term pressure in the market is also considerable. This is because there are also large 'whales' holding massive amounts of Bitcoin slowly reducing their positions; their selling actions may temporarily suppress the potential for price increases.
Thus, the market is currently in a tug-of-war stage of 'sharks grabbing positions, whales unloading,' and the oscillation may continue.
So what should retail investors do? Don't let short-term fluctuations disrupt your rhythm!
If you are optimistic about the long term, you can adopt the thinking of the 'sharks': accumulate in batches when prices are low, and avoid blindly chasing highs or selling in panic;
Maintain patience, and don't wager all your funds on a moment's impulse;
And definitely don't let market emotions lead you astray; keeping a steady mindset is crucial to wait for the right time when spring truly arrives.
The market is always fluctuating; as some exit, others enter. The key is whose perspective you adopt and where you place your bets. Calm down, stabilize your operations, and time will reward those who are clear-headed and determined.
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