A giant whale has accumulated about 270,000 BTC near 59,000. The $60,000 level already reached a total of 600,000 BTC in accumulation yesterday!
This is larger than the accumulation during the COVID crash, and it also exceeds the bottom period during the FTX collapse. Meanwhile, U.S. spot Bitcoin ETFs in June saw outflows of $4.5 billion.
Disagreement is already very clear.
When a whale lightly dumps, retail traders start questioning everything about themselves.
What the whale thinks is: the lower the price, the cheaper the coins.
What retail traders think is: the lower the price, could it go even lower—I'll sell first.
The whale uses price, while retail is used by emotions.
What the whale gathers is panic, while what retail releases is panic.
In essence, both whales and retail traders see the same drop, yet they reach completely opposite conclusions. Because whales believe in value, they dare to buy in fear.
Retail traders believe in price, so they can only sell in fear.
This is larger than the accumulation during the COVID crash, and it also exceeds the bottom period during the FTX collapse. Meanwhile, U.S. spot Bitcoin ETFs in June saw outflows of $4.5 billion.
Disagreement is already very clear.
When a whale lightly dumps, retail traders start questioning everything about themselves.
What the whale thinks is: the lower the price, the cheaper the coins.
What retail traders think is: the lower the price, could it go even lower—I'll sell first.
The whale uses price, while retail is used by emotions.
What the whale gathers is panic, while what retail releases is panic.
In essence, both whales and retail traders see the same drop, yet they reach completely opposite conclusions. Because whales believe in value, they dare to buy in fear.
Retail traders believe in price, so they can only sell in fear.
