ChainCatcher message: Currently, Bitcoin’s price is fluctuating around the mid-$60,000 range. Market views suggest that retail buying can provide some “bottom support” and generate short-term momentum. However, for a sustainable rebound to form, large holders need to stop distributing and even shift to net accumulation.
Analysis indicates that Bitcoin is not lacking retail participation at present; the key is whether whales will cease selling pressure and turn to structural buying. Otherwise, each rebound may face the risk of being sold at high levels.
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