11.13 What is going on in this market?
Bitcoin surged to 90,000, but the number of short-sellers and sellers outnumbered the bulls by 37 times. One would think the market should collapse, yet it continues to sway, leaving people puzzled. If you look at the exchange data, there are still many people buying at the high of 90,000. Who are these people?
Are speculative funds causing trouble? Or are big players laying out their strategies? Or could it be those who lend money to others for trading cryptocurrencies? Or is it those institutions that keep making announcements?
Who is foolish enough to dare to touch the peak of 90,000? Therefore, in the upcoming trend, everyone should think critically and not just follow blindly. If another disaster happens with an 80% drop in a single day, there won't even be a place to cry.
However, we also do not recommend anyone shorting Bitcoin; it might suddenly drop sharply. But for Ethereum, my personal view is to be cautious; everyone should consider their own choices.
The market can change in an instant. Do you want to rush in with the big players, or do you prefer to watch from the sidelines? Anyway, I will keep an eye on the movements of these big players to see how they play it next! Like + comment to help you accurately grasp the market and get first-hand information and in-depth analysis!
