What strategies are the main players using?
The main funds have already made it clear! On-chain data from early this morning shows that large amounts of capital are frantically buying up assets—over 5 million dollars net bought by the main players within 12 hours, with a buy-sell ratio close to 2:1, which is the most obvious bullish signal in the past month.
Especially around $104,800, the whales have been continuously placing large market orders to defend the price, clearly accumulating at a key position (this tactic is very similar to last week's anonymous institution dumping 400 million in long positions on Hyperliquid).
The market is actually quite interesting right now: 1-hour K-line shows a shrinking volume and retail investors are watching from the sidelines, but large funds have already made their positions clear with real capital.
The EMA24 and EMA52 moving averages are pinching the price like a clamp; this formation is either the calm before the storm or a precursor to the main players harvesting at the gate.
However, based on on-chain data, I tend to lean towards the former—after all, BlackRock's ETF is still buying nearly 300 million dollars every day, and the institutional bottom positions are there, leaving limited space for a short-term sell-off.
What needs to be cautious is the lack of volume. Don't be fooled by the price stabilizing above $105,000; the trading volume is nearly 15% lower than yesterday. If capital doesn’t follow when the US stock market opens tonight, be careful of the main players faking a breakout.
Remember, now is not the time to chase the price blindly, but the overall direction is definitely following the institutions—after all, they hold over 1.3 million BTC in ETF chips, and this bull market is far from over.
Are you stuck? When to buy the dip? As always, if you're confused and don't know what to do, click on the avatar to comment. I need fans, you need references.
