#BTCUSDT UPDATE
From weak hands to strong hands. Retail investors keep selling their $BTC, while large investors continue accumulating.
Retail selling was at its heaviest just before Bitcoin climbed from $62K to $80K. Now, retail investors are ramping up their selling once again.
Big players are taking advantage of short-term dips to shake out fearful retail investors, absorbing the BTC being sold before the next major move.
Remember, $BTC was at $62K last August and has since climbed to $80K. This could simply be another short-term pullback, yet retail investors are selling out of fear while large investors continue buying.
Historically, this transfer from weak hands to strong hands has often preceded positive repricing.
👀 The real question is: ARE WE APPROACHING ANOTHER MAJOR BITCOIN RALLY?
Follow the smart money, not the panic. 🟠🐂
#BinancePick #EarningsSeason #USQ3GDPAndSeptemberPCEDueNextWeek
From weak hands to strong hands. Retail investors keep selling their $BTC, while large investors continue accumulating.
Retail selling was at its heaviest just before Bitcoin climbed from $62K to $80K. Now, retail investors are ramping up their selling once again.
Big players are taking advantage of short-term dips to shake out fearful retail investors, absorbing the BTC being sold before the next major move.
Remember, $BTC was at $62K last August and has since climbed to $80K. This could simply be another short-term pullback, yet retail investors are selling out of fear while large investors continue buying.
Historically, this transfer from weak hands to strong hands has often preceded positive repricing.
👀 The real question is: ARE WE APPROACHING ANOTHER MAJOR BITCOIN RALLY?
Follow the smart money, not the panic. 🟠🐂
#BinancePick #EarningsSeason #USQ3GDPAndSeptemberPCEDueNextWeek