Recently, MicroStrategy has been buying aggressively; this year they have gone crazy buying cryptocurrencies, accounting for 77% of all corporate purchases! They have turned the company into a giant whale! From May 12 to May 18, they invested another $764 million, buying 7,390 BTC at an average price of $103,500. Now they hold 576,000 BTC with an average cost of only $70,000. The recent concentrated area of chips has about 2.4 million coins, so just think about it; isn't that a bit astonishing?
What's even more interesting is that as the price rises, the inventory of BTC on exchanges hasn't increased but has actually decreased, indicating that more and more people are buying coins and withdrawing them, showing strong confidence in BTC's future trend. Short-term investors are the main traders, while early investors remain steady, generally optimistic about BTC's rise and not in a hurry to sell. Therefore, the entire market is filled with opportunities. However, the current market is too easily swayed by major events. A tweet from Trump could cause the US stock market to drop by 20%. Another tweet, and it might rise by 20%. Who can predict such volatility? Probably only Trump himself knows!
Data also shows that in the first half of this year, the market has fluctuated greatly, with retail investors losing 250,000 BTC, while large investors are still bottom-fishing.