Data: Retail investors continue to accumulate Bitcoin, but whale sell-offs may limit the rebound potential
ChainCatcher reports that the current bitcoin price is fluctuating in the mid-$60,000 range. Market opinions suggest that retail buying can provide a certain "bottom support" for the market and bring short-term momentum. However, for a sustainable rebound to occur, large holders need to stop distributing and even turn to net accumulation.
Analysis indicates that bitcoin is not currently lacking retail participation; the key lies in whether whales will stop selling pressure and shift to structural buying. Otherwise, each rebound may face the risk of being sold at higher levels.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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