Bitcoin hit a two-week high on Monday after the rally is facing the risk of death, cryptocurrency trading automation platform CoinPanel trading expert Kirill Kretov warned: investors need to be extra cautious in the current environment, the market is still fragile and easily manipulated, retail active level is low, trading volume is thin, even the so-called smart money is on the sidelines, the real power to promote the market choose to stay put, this is no accident.
Kirill Kretov believes that long-term bitcoin holders who have gone through previous cycles are still holding their positions and waiting for a higher exit price. This reluctance to sell creates market selling pressure and increases the vulnerability to price volatility. While volatility can wash away over-held retail investors, he points out that only a complete liquidation of long-term holders forced to sell can create a "pure stage" for large investors to build new positions.
Industry insiders: Smart money is still on the sidelines, long-term bitcoin holders wait for a higher exit price
2025-03-26 10:27:49
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