The frenzy of the pancake has been going on for a while, but a sudden change in direction is quietly pushing the market into adjustment mode. On-chain data shows that large sell orders are appearing frequently, and funds are quietly retreating.
In the short term, Bitcoin's market has clearly stabilized from high levels, gradually showing signs of weakening. Demand for short-term declines is continuously increasing, and fluctuations in the short term are now inevitable, with the risk of adjustment accumulating!
This does not mean the bull market is over; rather, it seems like a 'planned washout'!
The main forces are starting to clear their positions, cashing out gradually, and retail investor sentiment is also being stirred, leading to increased market volatility in the short term. Caution is needed in operations!
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