I have found that retail investors are indeed becoming more savvy during this market cycle.
Those still playing with BTC now are probably seasoned investors; they run fast at high prices and buy accurately at low prices, truly skilled!
Take the current situation for example: in the past 30 days, high-net-worth players holding 1-10 BTC have increased their holdings by 7,425 BTC, while retail investors holding less than 1 BTC have surprisingly increased their holdings by 19,556 BTC. What is this operation aiming for?
Aren't they all shouting 'the bear is here'? Didn't they say it hasn't dropped enough yet? Why are they all increasing their positions?
They say they don't want to, but their actions are very honest... Could it be that they are secretly bottom-fishing while shouting bearish sentiments?