Let's take a look at the behavior of retail investors and large investors in the market. First, ETFs. On December 31, the day before the market closed, the net inflow of ETFs was 57 bitcoins, which indicates that the market trading enthusiasm is low. However, data from Coinbase shows that large investors in the United States may be bottom-fishing through this platform. Coinbase's 24-hour net outflow was 9,000 bitcoins, and the overall net outflow was 7,300 bitcoins, which may indicate that large investors are quietly bottom-fishing.
In addition, we should also pay attention to the 60-day moving average, which is currently at $93,700. This price may be the price at which large investors bottom-fish. Of course, this is just an unverified speculation, and it still needs to be judged in combination with smaller-level charts. If a larger long structure appears, you can consider adding positions, replenishing previous positions, and continue to replenish positions at low levels. If the price falls to the vicinity of the 60-day moving average again and does not fall further, then we can add positions at this position.
