On March 1, 2023, American game retailer GameStop officially announced that the board has unanimously approved a Bitcoin investment plan, preparing to use $4.8 billion in cash reserves or issue bond funds to purchase Bitcoin and USD stablecoins.

Although they haven't started buying yet, once they do, you can only be caught off guard. You just need to know this is a positive signal, even though the amount of funds is only in the tens of billions and still in batches. Nevertheless, when the market is in a weak condition, these voices are a shot of adrenaline, including the newly active generation of whales. Of course, with whales buying, there are naturally whales selling as well. For example, a piece of news today: an ancient whale that raised 1 million ETH through an ICO in 2015 transferred 10,000 ETH to an exchange today and has already sold 500 of them for $2,076 each, totaling $1.04 million. Moreover, based on this entity's previous trading habits, the market predicts that all 10,000 ETH will be sold in the short term.

Looking at the market, what does this news change? Although the possibility of artificial bearishness to suppress market prices for the purpose of accumulating is not ruled out, there are definitely people selling. However, in front of these buyers, the quantities are still insufficient. If no one buys, how can the market rise? If no one sells, where will the volume come from when the market rises? The active turnover in the market is still ongoing.