Viewpoint: BTC long-term holders are still waiting for a higher exit price and need to be wary of the "bull market trap"
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Planet Daily News: Crypto Trading Automation Platform CoinPanel Trading Expert Kirill Kretov Warns Investors to Be Extremely Cautious in the Current Environment: The Market Remains Fragile and Easily Manipulated. Retail Investor Activity is Sluggish, Trading Volume is Thin, and Even So-Called Smart Money is Waiting on the Sidelines. The Forces Truly Capable of Driving the Market Have Chosen to Remain Inactive, and This is No Coincidence. Kirill Kretov Believes That Bitcoin Long-Term Holders Who Have Experienced Previous Cycles Are Still Holding Their Positions, Waiting for Higher Exit Prices. This "Reluctance to Sell" Creates Market Selling Pressure and Exacerbates Price Volatility Vulnerability. Although Volatility May Wash Out Overextended Retail Investors, He Points Out That Only a "Complete Clearance" Where Long-Term Holders Are Forced to Sell Can Create a "Clean Stage" for Large Investors to Establish New Positions. Before This Occurs, Any Rebound is Fraught with Danger, Potentially Luring Impatient Bulls Who May Then Encounter Violent Reversals - A Typical Bull Market Trap in a Low Liquidity Environment. (Bloomberg)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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