Retail investors, stop guessing! For BTC's future trends, watch the faces of these "big fish"!
To see through BTC's movements, you need to keep a close eye on those "whales"! Especially those holding between 100 to 1,000 and 1,000 to 10,000 BTC. These guys' manipulations starting in April are the engine behind this wave of market activity!
Phase One:
Group A and Group B whales were the first to take action! They stopped selling and started buying like crazy! They are the ones who pushed BTC from $80,000 hard up to $100,000! These big players are the key to the ignition!
Phase Two:
Once the price hit $110,000, small fish couldn't sit still anymore! Those holding 1-10 BTC and even less than 1 BTC started to follow the trend and buy. I warned back then: even retail investors started to FOMO and rush to buy, this market is definitely overheating! Looking back now, I was right, wasn't I? That was the first peak of this market wave!
Phase Three:
Now the situation has changed:
Group B: Bought slowly, but still buying.
Group A: Stopped buying and started to sell slowly!
Medium holders: Bought slowly, but still buying.
Retail investors: Most are selling!
Overall, the market is much calmer compared to the "frenzy" of the second phase! Why hasn't there been a crash? The core reason: Group B and medium holders are still slowly buying! And looking at the heat map in Figure 2, these are all real funds coming in to take over!
So, the key question is! Is BTC about to "rocket launch"? "Slowly climb"? Or "plunge drastically"? It all depends on the faces of these key "big fish"!
If they suddenly start their crazy buying mode again? Then the market can continue to dance!
If they keep selling more vigorously? Then we need to be careful!
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