Bitcoin fell sharply yesterday, and on that day it fell below US$13,500 to return to 13,000 points. The main reason for the sharp drop of Bitcoin was the departure of the main force and the throwing of a large number of retail investors, and the short position did not increase much. And can Bitcoin continue to fall?
Grayscale intervened again, Grayscale once again increased its position with 1,215 bitcoins. MicroStrategy, the world's largest independent BI company, announced that it would continue to buy bitcoins. Its CEO personally holds 17,732 bitcoins. The giant will drive more institutions and funds. Continue to enter the market. The continuous inflow of these funds is a positive factor supporting the long-term sustainable strength of Bitcoin. At the end of the year or next year, there is a high probability of exiting a wave of big N markets. Now it is only the early stage of the N market, and the good news has just begun.
Recently, I have been crying for decapitation. Yesterday, there was finally a decent callback. The mainstream currency did not fall much. However, btc fell by 1,000 dollars and returned to today’s market. btc rebounded slightly again today. Brother Hua thought about this wave. The reason why the market has not been decently corrected is because retail investors have very few chips, and they are basically bought by institutions. The market has not been heated up, so there has been no major decapitation.
There is no doubt that Bitcoin will rise in the long-term. As for the callback so far, it is not small compared to the currency friends of the contract. It has fallen last night to today. However, relative to the contract currency friends, the miners should not have much reaction, because the miners themselves are Fancy the 20,000 points of Bitcoin at the end of the year or next year. Sure enough, no matter when the most stable is the miner, I want to know how the miner finds me