Why does the current situation resemble that of October 2020? At that time, Huobi's Li Lin and OKX's Xu Mingxing were taken away by the police, and OKX directly suspended withdrawals, causing panic in the market. Many people thought a crash was imminent, but the price of Bitcoin not only didn't drop but remained rock solid. There was also strong institutional support—Grayscale made significant purchases of BTC during that time and went public on the US stock market.
Now it's strikingly similar: Bitcoin whales have transferred 80,000 BTC (worth tens of billions of dollars) to Galaxy Digital over the past four days. This is not a sell-off but a signal of institutional accumulation, similar to Grayscale's operations back then. Even more explosive is that the $9 trillion 401k retirement savings in the US are investing in Bitcoin, alongside $13 trillion in mortgage-backed real estate supporting Bitcoin!
Imagine if 1% of the over $200 trillion market flows into Bitcoin, what kind of momentum it would create?
Now it's strikingly similar: Bitcoin whales have transferred 80,000 BTC (worth tens of billions of dollars) to Galaxy Digital over the past four days. This is not a sell-off but a signal of institutional accumulation, similar to Grayscale's operations back then. Even more explosive is that the $9 trillion 401k retirement savings in the US are investing in Bitcoin, alongside $13 trillion in mortgage-backed real estate supporting Bitcoin!
Imagine if 1% of the over $200 trillion market flows into Bitcoin, what kind of momentum it would create?
