The leeks are cutting their losses and leaving the market, while the big funds are increasing their positions!
The recent sharp drop has caused many people to react violently, as if it were the end of the world. Some people are even more panicked, thinking that Bitcoin will return to zero for a long time, and their emotions are full of ignorance and despair. This behavior is a typical "leek" behavior: panic-selling when the price falls, and the more it falls, the more afraid it is; chasing high when it rises, and finally being trapped at a high position.
So, what are the big funds doing now? They are collecting chips. The US regulators and Wall Street are allocating Bitcoin cryptocurrencies. The project parties on the chain of altcoins have been withdrawing coins and chips are becoming more and more concentrated recently. However, the "leeks" are shipping, panicking, and shouting to return to zero. Although it is not the time for us to increase our positions in the recent period, this does not affect our patience to hold the bottom position and wait for opportunities. The future is bright, but the road is tortuous.
No market can escape the defects of human nature, and only a small number of people can make money. If you want to get a hundred times or a thousand times, you must be ravaged by the market. Otherwise, why do you have a hundred times or a thousand times coins! ?
For speculators, there is an old British saying that BTC is like a gilded birdcage. The birds outside the cage want to live in it, and the birds inside the cage want to fly out; so buy and sell, sell and buy, there is no end (liǎo jú). There is also such a saying in France. However, it is not a birdcage, but a besieged castle fortresse assieégée. People outside the city want to rush in, and people inside the city want to escape.
