Recently, the operational behaviors of groups holding different amounts of Bitcoin have had a profound impact on the market, especially the two whale groups of 100-1000 coins and 1000-10000 coins, whose movements have become key variables for market trends.
Since early April, the 100-1000 coins and 1000-10000 coins holding groups have begun to change their strategy from asset distribution to accumulation. This move quickly triggered a chain reaction in the market, pushing the price of Bitcoin from 80,000 dollars all the way up to 100,000 dollars, marking the beginning of this round of market activity. In the early stages of the market's initiation, the whale groups successfully dominated the first phase of the market trend with their strong financial advantages and forward-looking market judgments.
(Figure 1)
As the price of Bitcoin reaches around 110,000 dollars, the structure of market participants has undergone significant changes. Ordinary players holding a small amount of Bitcoin have also begun to join the accumulation ranks, creating an overall positive atmosphere in the market. However, this seemingly prosperous scene actually hides risks. An overheated market often indicates that an adjustment is imminent, and the facts have confirmed this, as this stage became the first peak of this market cycle.
Entering the next phase, the operational strategies of different holding groups have been adjusted again. The accumulation pace of the 1000-10000 coins group has slowed down, the 100-1000 coins group has started to slowly distribute, the 10-100 coins group has also shifted to slow accumulation, while the ordinary player group continues to mainly distribute. Although the overall market sentiment has cooled down, thanks to the slow accumulation of the 1000-10000 coins and 10-100 coins groups, and the continuous entry of new buyers, the price of Bitcoin has not seen a significant decline.
(Figure 2)
Standing at the present, the future trend of the Bitcoin market is full of uncertainty. Will it usher in a rapid surge, initiating a new wave of skyrocketing prices? Or will it maintain a slow upward trend, developing steadily? Or will there be a deep correction, reshuffling the market? The answer largely depends on the subsequent operational choices of the whale groups. Every buying and selling decision they make will significantly impact the market supply and demand relationship, thereby influencing the price trend of Bitcoin.#比特币