Bitcoin Life and Death Situation: The $100,000 Defense Line is at Risk! A Century-Long Showdown Between Whales and Retail Investors
Bitcoin's current price is hovering around $104,000, but the situation is a bit concerning. The institution CryptoQuant has issued a warning that the number of people buying Bitcoin is decreasing. If this continues, the price could plummet to between $81,000 and $92,000. Another institution, Glassnode, thinks this is a normal phenomenon, indicating that the market is maturing slowly, and the big players are still secretly buying in.
The most active part of the market right now is the competition between big players and retail investors. Data shows that in the last 10 days, the number of big players holding more than 10 Bitcoins has increased by 231, while the number of small retail wallets has decreased by more than 37,000. Interestingly, historically, every time this situation has occurred, it has often been followed by a significant rise. Additionally, there are a lot of people trading futures now, with trading volumes 16 times that of spot trading, indicating that everyone is betting on whether there will be a significant rise or fall soon.
Some companies are still desperately buying Bitcoin. For instance, Semler has stated that they aim to increase their Bitcoin holdings from over 4,000 to 105,000 within five years. The cryptocurrency Solana has also been gaining attention recently, with Wall Street elites suggesting it may surpass Ethereum.
Currently, the two most critical price points are $105,000 and $92,000. If it breaks above $105, it may continue to surge; if it falls below $92, it could be truly dangerous. Online betting markets are currently wagering whether it will rise to $120,000 or fall below $90,000 by the end of the month.
Next, three key things to focus on: whether the U.S. will approve the Ethereum ETF, whether China will adjust interest rates, and the progress of Visa promoting stablecoins in Europe; all of these events could cause significant fluctuations in Bitcoin's price.
Next, I will continue to strategize with precise orders. Instead of blindly exploring and failing to capture the best entry and exit points leading to holding losses, it’s better to follow my lead and directly come to those who recognize it.
