PANews reported on March 26 that Kirill Kretov, a trading expert at the cryptocurrency trading automation platform CoinPanel, warned investors to be particularly cautious in the current environment. At present, retail investor activity is low, 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, which is no coincidence. Kirill Kretov believes that long-term Bitcoin holders who have experienced previous cycles are still holding their positions, waiting for higher exit prices. This "reluctance to sell" creates selling pressure in the market and exacerbates price volatility vulnerability. Although volatility may wash out over-positioned 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, and any rebound before this is fraught with danger. (Bloomberg)