Many people say that with the global decline being this severe, why hasn’t $BTC dropped?
According to the latest tweet from Twitter user M @Murphychen888, the average holding amount in the range of 81,000 to 83,000 is the second largest area of the entire cycle, only behind the 35,000 USD range.
Super whales are buying in here, ignoring risks, while weak hands haven’t made a profit and are unwilling to sell, leading to an imbalance in supply and demand, ignoring the larger trend!
Now, there are two external opinions:
1. It has already dropped too much in advance, with over 90% of altcoins declining, and it can't drop any further. The political risks of tariffs are irrelevant to cryptocurrencies, so a small amount of external funds is entering Bitcoin for hedging, supporting the downward trend.
2. Comparing with the 312 trend, Bitcoin only dropped after a few days following the stock market circuit breaker. It’s also a case of cryptocurrencies being slow to react, with extreme attempts to lure more buyers, leading everyone to unanimously recognize its hedging properties, resulting in widespread losses!
