“Roller Coaster” Market: Are Big Players Hoarding or Selling?
In the price fluctuations of digital currencies, there are two phenomena:
One is “suddenly soaring up to the sky, and then slowly dropping down.” Behind this, it is very likely that the big players are quietly hoarding. They first push the price up and then slowly let it fall, which is actually them preparing for the next big surge, secretly collecting more chips.
The other is “suddenly taking a big tumble, and then slowly crawling up like a snail.” In this situation, we need to be a bit cautious. This is very likely the big players quietly selling off. The price suddenly drops sharply, and then slowly rises again like a snail; this is very likely them gradually withdrawing their investments, and the market may soon be heading downhill.
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