Recently, BTC has been in a sideways movement for a while. I specifically arranged to chat with several large holders, as BTC hasn't broken through the psychological barrier of 100k, and it's been oscillating for a long time; everyone is feeling uneasy!
Speaking of breaking through 100k and the oscillation around 96/97, these large holders unanimously believe there is a huge difference. Here are a few points of summary that you can refer to; I personally find them very logical. By the way, I’m asking for some attention, don’t get lost making money in the bull market!
1. Around 9.6/9.7, there has been sideways movement; these large holders have reduced their positions very little. When asked why, they said their willingness to cash out at this stage is relatively poor. I didn't delve into whether they reduced or by how much, just that their willingness is low! The logic is that the expectation power is still quite strong; regarding the willingness to reduce positions, it could go either way. They feel that while expectations have been met, there's still a bit of distance to go. Think about it!
2. Recently, MicroStrategy's MSTR plan suddenly came to light, and the data is very good, which has had an impact. Originally, everyone's exit strategy for the bull market needs to be reconsidered!!! Still need to think carefully!!!
3. These large holders grew alongside BTC. Looking back at the bull market in 2017, everyone sold off prematurely during the raging bull market, which led to the expectation of breaking 10 when BTC surged to 60k in 2021. The result was that it peaked at 65k. Therefore, this wave has become complicated, and there are many more variables now, such as Trump coming to power, the interest rate cut cycle, large institutions frequently increasing their positions, and the ETF's approval. This situation can only be described as very complex!!!
4. Undoubtedly, ETH has not yet peaked, and this round of Ethereum is actually facing very significant challenges while also facing very large benefits. I won’t elaborate here, but in short, Ethereum is likely still brewing, even if it takes some time.
In summary, large holders have definitely made profits; their focus is on development. The environment is complex; once they give up their BTC chips, it becomes very difficult to judge when they can get back in. So they are currently in a phase of confusion, regardless of whether this phase lasts a few days, ten days, or half a month. This is the sideways movement of BTC that retail investors see. Speaking of Ethereum, this time small speculators can't drive it; large speculators haven't appeared yet, or they might have, but at least they're not that prominent.
By the way, I’m asking for some attention; everyone can make money in a bull market!!!
