Analysis: Whale have recently increased their BTC holdings to support the price, but the risk of a market demand gap still exists.

This article is machine translated
Show original
According to ME News, on February 11th (UTC+8), market data showed that Bitcoin whale have accumulated approximately 53,000 Bitcoins since last year, providing some support for the price. However, overall market demand remains relatively concentrated, raising questions about whether the market has truly entered a recovery phase. Currently, Bitcoin prices are still down about 40% from last year's high, with some cryptocurrency ETF investors experiencing paper losses, and institutional buying has also slowed. Analysts believe that without broader capital participation, this round of buying is more likely a temporary market stabilization measure rather than a trend reversal signal. (Source: ME)

Source
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.
Like
Add to Favorites
Comments