Are large BTC holders not buying the dip? Data reveals the truth.
Addresses holding 1000-10000 BTC are continuously reducing their holdings. Last year, this number shrank by 220,000 BTC, dropping from the historical peak of 409,000 BTC in March 2024 to the current level. This is the steepest plunge since early 2023.
The question is: why are the truly big players not bottom-fishing? This may reflect the market's genuine assessment of the future trend. When whales are fleeing rather than buying the dip against the trend, retail investors should consider whether they are being driven by emotions.
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Are large BTC holders not buying the dip? Data reveals the truth.
Addresses holding 1000-10000 BTC are continuously reducing their holdings. Last year, this number shrank by 220,000 BTC, dropping from the historical peak of 409,000 BTC in March 2024 to the current level. This is the steepest plunge since early 2023.
The question is: why are the truly big players not bottom-fishing? This may reflect the market's genuine assessment of the future trend. When whales are fleeing rather than buying the dip against the trend, retail investors should consider whether they are being driven by emotions.