Recently, the market has shown a notable feature of 'consolidation after a washout,' with on-chain data indicating that whale addresses are still accumulating.
I believe that the recent wide fluctuations do not represent a reversal of the bull trend, but rather a structural repositioning of the major funds:
1. Capital is flowing out from weak altcoins that lack narrative support, accelerating back into core assets, with very strong bottom support;
2. The short-term disturbances in macro liquidity have been fully priced in by the market, and the panic selling pressure from retail investors is being steadily absorbed by long-term dollar-cost averaging positions.
My assessment is that as long as the core support zone holds, the current volatility is merely the final phase of the washout. The risks of blindly shorting are now far greater than the opportunities for accumulating at lower levels.
Fellow traders can monitor subsequent changes in volume. Trading involves risks, DYOR. $BTC $ETH
I believe that the recent wide fluctuations do not represent a reversal of the bull trend, but rather a structural repositioning of the major funds:
1. Capital is flowing out from weak altcoins that lack narrative support, accelerating back into core assets, with very strong bottom support;
2. The short-term disturbances in macro liquidity have been fully priced in by the market, and the panic selling pressure from retail investors is being steadily absorbed by long-term dollar-cost averaging positions.
My assessment is that as long as the core support zone holds, the current volatility is merely the final phase of the washout. The risks of blindly shorting are now far greater than the opportunities for accumulating at lower levels.
Fellow traders can monitor subsequent changes in volume. Trading involves risks, DYOR. $BTC $ETH