The big pie is brewing a shocking blow! Is this the prelude to a reversal, or the calm before the storm?
Although the big pie has retreated from a high of $109,000, true strong players will never reveal their direction in surface fluctuations. Now, it is steadily standing above the key resistance level of $88,500, once approaching $94,000, and the momentum of the bulls is far from exhausted!
On-chain data shows:
A certain fish is sweeping up at a speed that has never been seen before in 2020, with a single wallet holding more than 10,000 big pies, and a tidal wave of capital is quietly accumulating!
Medium to large holders (1,000-10,000 pieces) almost perfectly show an increasing holding trajectory, indicating an unwavering belief in the future market.
The spot ETF saw a capital inflow exceeding $1 billion in the past 24 hours, reaching a peak not seen since last November, as American institutional funds are accelerating their inflow!
Although the market's long and short positions remain divided, with a long-to-short ratio of only 0.9841, seeming to be stuck, this is precisely a normal signal before a large-scale breakthrough—capital hedging is not bearish, but rather building momentum for a significant change!
Currently, the long position accounts for 49.56%, while shorts account for 50.4%, and the battle situation is about to break the deadlock, with the trend ready to shoot!
When most people in the market are hesitant, it is precisely the moment for smart money to quietly lay out their plans. Brothers, don’t be fooled by the calm; this may be the critical point for a new round of super行情!
