Bitcoin Whale Data and Market Trends
Current whale data seems very unusual.
Yesterday, there were 600 Bitcoins listed by whales near 70000, and another 200 near 69000.
Currently, Bitcoin has reached the critical support level of 66600. If it breaks below this level, it could trigger at least a daily level decline. From yesterday's data performance, it seems that retail investors are selling while institutions are taking the opportunity to buy.
As for whether this is the last chance to get on board or a chance to escape, it is indeed difficult to conclude. On one hand, as mentioned, opportunities often arise during significant declines. From a long-term investment perspective, the potential value of Bitcoin might make the current decline a buying opportunity. However, market uncertainty always exists, and Bitcoin's price fluctuations can be quite severe. If it breaks below the critical support level and continues to decline sharply, buying at that point may pose substantial risks. On the other hand, if market conditions further deteriorate and panic selling occurs after breaking support, choosing to escape at that time might help avoid greater losses.
In conclusion, the answer to this question varies from person to person, depending on individual investment goals, risk tolerance, and market judgment. Before making decisions, it is essential to consider various factors and keep a close watch on market dynamics.
