Why is it a good thing that BTC is consolidating around 69000?

First: The recent surge in Bitcoin, jumping from around 66000 to nearly 73000, requires a continuous influx of funds for such a significant rise. There is substantial selling pressure above 72000, and even institutions have been buying here for a few days, followed by tactical pullbacks to accumulate more!! The continuation of this trend requires a large amount of USDT!!

Second: After a surge, it also means that some BTC held at higher levels has been released, creating selling pressure!! After this round of consolidation, many BTC that were around 60000 or 66000 have already been sold off! Therefore, if they want to buy in later, they can only purchase BTC at 70000!!

Third: This will not be explained publicly!

Institutions operate in this manner to raise the average price of all segments up and down. If the rise is too fast, it can only be a fleeting moment, but moving gradually will wash many people into the market. Rapid movements in the crypto space are not necessarily good, but slow movement is certainly not bad

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