As of yesterday's on-chain data, it can be seen that there are holders of less than 1, 1 to 10, and 10 to 100 tokens, all of whom are buying. The whales with over 100 tokens are selling. The quantity of over 2000 tokens is also a relatively large sell-off recently. Moving back, around October 17th, there was also a sell-off of over 2000 tokens. Of course, as always, the bearish forces are still represented by that ancient giant whale.

As for whether this selling action will have a lasting impact, let's look at the position. Firstly, it has certainly impacted market liquidity, making already scarce liquidity even worse. Secondly, the higher the position, the greater the impact. Currently, at this relatively low position, there is some impact, but it won't be too deep. Moreover, this action usually carries some inertia, but this time the whale's sell-off hasn't caused much panic in the market; for example, it rebounded significantly today, and there are still some technical traders looking to buy the dip in anticipation of a rebound.

Therefore, until the predicament is resolved, risk control must be maintained. Don't be stubborn, thinking that after a washout, prices will definitely rise. #加密市场回调 #比特币ETF恢复净流入