Mars Finance 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 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 Bitcoin Long-Term Holders Who Have Experienced Previous Cycles Are Still Holding Their Positions, Waiting for Higher Exit Prices, and This "Reluctance to Sell" Creates Market Selling Pressure and Exacerbates Price Volatility. 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 Slate" for Large Investors to Establish New Positions. Before This Happens, Any Rebound is Fraught with Danger, Potentially Luring Impatient Bulls into the Market Only to Encounter Violent Reversals - A Typical Bull Market Trap in a Low Liquidity Environment. (Bloomberg)
Viewpoint: BTC long-term holders are still waiting for a higher exit price and need to be wary of the "bull market trap"
This article is machine translated
Show original
Sector:
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
Share