Bitcoin fails to break through 110,000 dollars! Whales sell 60 billion, institutions lay low, when will the opportunity come?
1. Giant whales are cashing out madly, and sell orders are overwhelming!
The biggest pressure on the market recently is from those 'old chives' (long-term holders) who are madly dumping! In just one month, they have sold Bitcoin worth 60 billion dollars, equivalent to 42,000 fully loaded Model X cars! The share of their inventory has dropped directly from 76% to 72%. This situation is identical to the retreat of old players at the peak of the bull market in 2021!
New funds entering the market cannot absorb this much 'cargo'; Bitcoin is piling up in exchanges while retail buyers are diminishing, and the depth of buy orders has shrunk by 32%! It's like a vegetable market full of produce but no customers left; the price can hardly hold up!
2. Market sentiment is a tale of two extremes!
Big institutions are actually still buying secretly! Look at the Bitcoin ETFs supported by giants like BlackRock and Fidelity, which saw a net inflow of 2.75 billion dollars in May. MicroStrategy is even more stubborn, having purchased over 4,000 coins at an average price of 106,000 dollars, with total holdings exceeding 320,000 coins! They are true fans!
But on the other hand, retail investors are clearly getting too excited! The market sentiment index has dropped from an 'extreme greed' of 78 points back to 'greed' at 65 points. The number of people searching for 'Bitcoin bubble' on Google has surged by 320%! Asian funds are also quietly withdrawing, and stablecoin to RMB exchanges are starting to discount by 1%! There is a lack of confidence, brothers!
3. The big environment is unstable, is the market choosing to lie flat?
Uncle Trump's policies are like a roller coaster! In February, he suddenly imposed a 25% tariff on EU cars, causing Bitcoin to crash 12% that day. Now, he is delaying the tariff decision on the EU until July 9, this kind of back-and-forth makes everyone anxious, who dares to bet big?
The Federal Reserve is also on edge. The probability of a rate cut in June is now seen at 68%, but if the core PCE inflation data released at the end of the month exceeds 2.9% (previously 2.8%), the rate cut might be off the table! How will the anti-inflation story of Bitcoin be told? Although it has recently decoupled from the stock market with a correlation dropping to 0.32, the unstable environment has funds sitting on the sidelines watching!
Darkness before dawn? Opportunities are brewing!
Don't just look at the huge pressure in front of you; the flame of hope is still burning! The true 'diamond hands' have not touched 75% of their Bitcoin holdings for at least six months and are quietly accumulating, which is the foundation of the market!
To truly break the 110,000 barrier, the key lies in:
A significant inflow of US ETF funds must exceed 2 billion dollars in a week to be considered strong.
What if that crazy (national Bitcoin reserve bill) really passes and the US plans to buy 1.05 million coins over 5 years!
The Lightning Network and similar applications have exploded with users exceeding 50 million, and payments are really being used!
Reminder from Big D:
The current market is volatile; do not recklessly use high leverage! Focus on two key things:
Be alert to sudden large transfers from whale wallets!
Daily fund flow of US ETFs
A pullback is an opportunity to pick up chips; the key is in the rhythm!
$BTC
Follow Big D, a professional team will help you accurately target swing points. Keep up with the rhythm and let your assets take off!
Big D steadily doubles orders, low leverage, private contracts#BTC
