The Game of Market Psychology: Retail Investors Focus on Patterns, Institutions Focus on Chips
Many people are anxious about the 'hanging man' pattern of a single K-line, yet overlook more critical on-chain data: the inventory of Bitcoin on exchanges continues to decline to a 5-year low, while the accumulation speed of whale addresses is accelerating. This indicates that institutional funds are using short-term fluctuations to clean up leveraged long positions while quietly accumulating.
The market's counterintuitive nature is often reflected here: when retail investors are anxious about a single day's bearish candle, smart money sees a 'golden pit'.
