This operation with Bitcoin is interesting!
I looked into the buy and sell orders in the spot market and found something strange: when the price touched 74,000 US dollars, a huge buy order suddenly appeared to support the market. And guess what happened next? When the price started to climb, this mysterious player simply vanished without a trace, not even a bubble was left behind!
Even more bizarre is that now, at these high levels, there are only sell orders waiting to drop the price!
What does this indicate? I came up with two possibilities.
The first possibility is that the market makers are unsure about the future! They intentionally push the price up just to secretly reduce their holdings and never intended to hold onto the chips for the long term. The second possibility is even more heartbreaking: at this price, they really don't care at all; it doesn't even meet their 'bottom price' standard!
So at this position, either the market makers are secretly offloading their stocks, or they are still waiting for an even cheaper price to take over. Retail investors need to sharpen their eyes and not foolishly act as the ones taking over!
If you want to make money, don’t be a lone hero! Follow me, and tell me your thoughts in the comments, let’s seize the opportunity for huge profits in the bull market together.
Today’s focus: SPK ETH BTC BCH
