The data on the capital market is here, and there really aren't any optimistic reasons to be found in the short term! The main players who hoarded those chips at the end of April have now all run away!
As of today, June 19th, the capital accumulation value has returned to zero for the first time. What does this indicate?
It shows that the main players currently have no bullets left! As for how many short positions they have built, that still needs to be investigated. However, based on current data, the main players in ETH had already cleared their positions between May 10th and 12th, when the price was still hovering around 2600 USD. BTC was even more cunning; the main players started to flee from May 12th and didn't finish clearing out until the end of May, leaving only some fragmented chips in June.
To be honest, you really need to keep your eyes wide open with the current market situation! My strategy is to stay put for now; if it really breaks below the psychological barrier of 100,000, then that would be a good time to increase short positions. Don't be fooled by the current volatility; with the main capital already having fled, messing around at this point is just giving money to the market!
Remember, retail investors should learn from crocodiles, lying in wait for opportunities; do not reach out for markets that you are not confident about!
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