Bitcoin is about to break through! Is it the early or late stage of the bull market?

The exchange stock of Bitcoin has gradually decreased over the past 4 years. Large holders typically buy low before a trend arrives and then sell at a high point, and this has been the case for the past 4 years. Therefore, the current market situation is quite clear. The current performance is similar to the end of 2022 and the mid-2020, where large holders are working hard without showing signs of large-scale profit-taking so far. Thus, recent spikes are more about some manipulators dumping, clearing a wave of high leverage, and scaring off the weak-willed retail investors in order to achieve the goal of accumulating at low prices.

So do not misjudge the intentions of the manipulators; the bull market just started in November and is far from over. Moreover, on-chain whales are still accumulating chips without profit-taking, so there will be another wave of main rising momentum.

In fact, spikes in a bull market are really very common. I have analyzed this before; during the last bull market, I was getting spiked every day, and it made people numb. If you are in high leverage contracts, be sure to manage your risk and leave room for operations.