After the big rise, the market entered a state of anxiety, and it seemed to be in an embarrassing situation where all the good news had been exhausted. At present, whether it can break through the 100,000 mark has become the biggest focus of the market.
The copycat coins have taken turns to make efforts and a hundred flowers have bloomed. The day before yesterday, Squirrel Coin PUNT made an effort and was listed on the Korean exchange. The daily increase exceeded 300%, which made the dream of a group of people rich come true. Recently, stories of crossing classes have appeared one after another in the currency circle. According to the information I have collected so far, including the movements of some institutions, the amount of coins held by retail investors is very small, and most people have sold them.
Moreover, few retail investors buy or hold in large quantities at this price. This may be because they have lost confidence in the market or because they can no longer bear the volatility of the market. Looking back, every time the market is full of good news, the results are often contrary to expectations, and the market will experience a big drop.
Just like when the last bear market started, there was almost no negative news in the market, a false prosperity, but the bubble was about to burst. This phenomenon is not uncommon in history, and every time the market bubble bursts, it brings huge losses to investors. At the same time, the bullish sentiment in the contract and option markets is high, and the funding rate is abnormal. Even at such a high level, the rate is still positive. If the data is true, then many people will face liquidation. This time, not only the options and contract markets, but also a large number of borrowing and lending will face liquidation.
Everyone still remembers the last time there was a large-scale liquidation, many big investors had to sell assets to repay their debts. It was an earthquake in the financial market, and many investors suffered heavy losses. In this sensitive period, we must remain vigilant. The power struggle may affect the entire financial circle.
As the saying goes, "When the nest is overturned, how can the eggs remain intact?" Therefore, we should not expect too much. The hype of any asset is based on expectations, and the market does not always react after the event occurs. Last time, many people over-bet on the Ethereum ETF, and the market fell instead of rising.
This is a profound lesson, reminding us to be rational when investing and not be fooled by market hype. When tracking the market, we cannot ignore the impact of market sentiment. For example, if I ask you to buy Bitcoin now, would you dare to buy it? At this price, most of the people who get on the train are newbies. This is also a common strategy used by institutions. As we all know, institutions like Grayscale have reduced their holdings from more than 600,000 Bitcoins to more than 200,000 Bitcoins now, almost all of which were sold at high points.
Also, the recent buying behavior of some institutions has led many people to mistakenly believe that the market is still strong, but please do not ignore the average holding cost and purpose of these institutions. They are not for short-term interests, so do not be confused by superficial phenomena. Remember, the media are often the dogs of capital. #美国零售销售数据即将公布 $BTC $ETH
