The script is already written: In the short term, there will be a drop!

After eight days of fluctuations, if there is a pullback, it will first break 89000, then reach 79000-80000!

Of course, in the long term, there is still the halving trend. It's hard to move in one direction throughout May; it's a big rise followed by a big fall, with ups and downs to mess with the mentality, which will force retail investors to give up more chips!

From on-chain data, about 170,000 BTC have recently been transferred from holders who have held for 3-6 months. The selling by these short-term holders may trigger price fluctuations. In contrast, long-term holders only move more than 500 BTC daily, highlighting the divergence in market sentiment.

Meanwhile, addresses holding 100-1000 BTC are accumulating at the fastest historical rate, with an annual absorption rate exceeding 300% of Bitcoin's annual issuance. The amount held by exchanges continues to decline, indicating a long-term bullish tendency.

So, after a big drop, are you brave enough to buy the dip?