Looking at market trends from grayscale perspective
Grayscale is an important player in the currency market. What they buy and sell can often reveal the market direction. I remember last year and the year before that, Huidu didn’t make any moves. I felt that the market was quite cold. But this year is different. They began to buy SOL and LTC coins in large quantities. This gave the market a boost!
Grayscale's buying this way is obviously optimistic about the coming bull market. As soon as they bought it, everyone became more confident, and the price also rose accordingly.
. Let's put it this way, as soon as Grayscale takes action, we know that the bull market is on the way.
Of course, who can say for sure about the market? No one can guarantee how long the bull market will last. But we can keep an eye on Grayscale’s actions. If one day they start selling heavily, then we have to be careful, the bull market may be coming to an end.
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