$BTC Also, let’s talk about the ETF inflows at high levels some time ago, with the Trump family increasing their positions at high levels. It's needless to say they are hedging with short positions behind the scenes. The apparent large order data shows inflows, but behind it, small orders are being sold – a sleight of hand. Retail investors know very well that selling at high levels is shorting; institutions are not any smarter than retail investors. Retail investors know to increase their positions when breaking above 74000, and with the expectation of Trump's election victory, positions are being increased. The market has been speculating on Trump's presidency for a long time; the bull market is not over yet. When Trump takes office, he will also need to reserve resources, but first, he will likely wash out profit-taking positions aggressively, absorbing low-level chips before rising. The process will resemble the drop from 74000 to 50000, and there will be another period of consolidation. Originally, 80% of the market movement is just garbage time; only when 20% of the time has enough chips been washed by the institutions will they raise the market and distribute.
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