Over the weekend, Metaplanet bought another 463 Bitcoins, worth $53 million, bringing their total holdings to 17,595 BTC, valued at $2 billion.
However, compared to Strategy, that's just a drop in the bucket 😂 If Strategy keeps accumulating, will there be state-owned funds directly buying shares?
Retail investors might think BTC is expensive, but the big players find it quite cheap. Who's the real genius here?
But there's no need to rush; just accumulate slowly. In the short term, it might hover between 105K and 145K. We can only enjoy the thrill of the rise after enduring a long period of volatility. The market does not move according to people's wishes.
⚡️According to Glassnode data, the cost basis for short-term holders of $BTC is approximately $105,400. Combined with the standard deviation interval, we can see several division points -
$141,600
$125,100
$105,400
$92,100
These subgroups of #Bitcoin short-term holders form a cost-band structure that can essentially be seen as a momentum indicator of short-term market sentiment.
From a broader perspective, Bitcoin may still be range-bound between $105,000 and $125,000 until a clear breakout occurs. If it breaks through strongly, the next resistance zone is 141,000!
2.51K
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