960 million dark cards just revealed! 82% of retail investors' blood is nourishing the bull market
Last night, BTC fell by 0.71% to 108,000 USD. It looks like an ordinary correction, but the on-chain data quietly tells a story:
At 3 AM, a certain exchange transferred out 8,900 BTC, and 82% of the liquidation data is from leveraged retail investors chasing long positions.
Personal opinion + case study
I often say "the big players wash the market and watch for three waves":
1. Last month, when Tesla reduced its holdings, negative news was released first, and after retail investors cut losses, it reversed and surged.
2. This time, miners' holdings reached a three-month high.
3. In 2018, the same routine before Bakkt's launch, 80% of the retail investors fell before dawn.
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