Have you noticed the plot of Bitcoin's half-year reduction? Three recent news:
1. The holdings of listed miners reached a new high
2. The holdings of US ETFs reached a new high
3. The transfer volume of retail investors' holdings reached a new low in 3 years
In order to prevent the price from suddenly skyrocketing, the big investors are slowly accumulating. Until the market realizes that the market is out of stock and the price skyrocketed, retail investors enter, and then they distribute the chips.