Gold is reveling in the artillery fire, while Bitcoin is collapsing in a bloodbath of $500 million!
As the Middle East situation and trade frictions hit hard, risk-averse funds are wildly abandoning the crypto market and rushing into traditional vaults, causing BTC to plunge sharply, once falling below the $90,000 mark. This extreme divergence is like 'one side is heaven, the other side is hell.'
Despite retail investors panicking and 'cutting losses' to exit, on-chain data reveals a harsh truth: large holders, possessing between 10 to 10,000 BTC, have increased their holdings by over 36,000 in the past nine days.
Currently, the technical aspects show clear signs of weakness and fluctuation, with EMA moving averages trending downwards. Both bulls and bears are engaged in a fierce tug-of-war in the $90,300 to $93,500 range. Market opinions are sharply divided, with some professional analysts believing that the majority of chips above $100,000 are held by institutions, making short-term fluctuations unlikely to shake the overall situation. For now, one just needs to patiently wait for signals indicating a bottom wash.
Now it's a battle of gods, with the little demons suffering. Gold is rising joyfully because people are truly scared, while Bitcoin is crashing because it hasn't outpaced the 'high-risk asset' label. Retail investors see their accounts shrink and feel anxious, rushing to exit and stop losses; meanwhile, those wealthy big players are quietly scooping up bargains behind the scenes. If we can't hold the psychological barrier of $90,000, we might have to dip down further. Everyone should hold off on rushing to the bottom, and don't blindly cut losses; keep an eye on that key level and wait for this wave of panic to pass before making a move. $BTC #加密市场观察
Are you bullish or bearish now?
