Last night, the Bitcoin market showed a trend of capital outflows, in stark contrast to the relatively stable performance of the Ethereum market, which also experienced a certain degree of capital inflow.
The market generally believes that this change in capital flow is a key factor leading to the market correction.
However, from an overall perspective, this phenomenon is not sufficient to constitute an extremely serious bearish signal. A more reasonable speculation is that this is likely just institutions optimizing and rotating their own positions.
Before this market change occurred, I had mentioned on several occasions that Bitcoin's increase had already reached a fairly high level, and if there is a lack of moderate correction under such circumstances, the healthy and sustainable development of the entire market will inevitably face many doubts.
The current market trend actually aligns closely with our previous expectations. This inevitably raises the question, could it be that institutions are gradually realizing this?
Another phenomenon worth paying close attention to is that other non-mainstream cryptocurrencies did not follow Bitcoin in its decline.
This special situation may indicate that the explosive growth period for these non-mainstream cryptocurrencies is about to begin! I am filled with anticipation regarding their performance in future market conditions, firmly believing that they are highly likely to achieve remarkable results in the subsequent market evolution process.
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