The current price position of BTC is not the expected double top!

In the chart below, the black line represents the price of BTC, and the blue line represents addresses holding 1k-10k BTC, which indicates the total amount of BTC they hold, i.e., the whales or large holders' positions.

In the previous round, when BTC was pushing above 60k, on-chain large holders began to reduce their positions. During the second peak, reaching the 67k+ phase, they continued to reduce positions. In the process of adjusting from 110k, large holders were still continuously buying in, with no significant reduction in positions, which means we are far from the top!

Forward $BTC