BTC has repeatedly hit the $40,000 mark, and it is the BTC Whale account that is really buying the bottom
On May 27th, after BTC hit $40,000 again, it returned to near $38,000 for adjustment. When BTC fell to 40,000 US dollars, I discussed with netizens whether BTC has reached the bottom of the bargaining period. Many netizens expressed their willingness to support BTC. However, judging from the data provided by the blockchain analysis company Chainalysis, in the process of this round of BTC's decline, it is the BTC whale account that is really buying the bottom.
There are data showing that during the two weeks of significant BTC adjustment, the position of the top 1,000 large BTC addresses increased by 10+ BTC. It can be seen that BTC will receive favorable support around 38,000 US dollars. The capital giants do not want BTC to continue to fall, which is not in the interest of BTC Whale Account. Of course, BTC's sharp decline is also detrimental to some ordinary investors, but it depends on who is the biggest beneficiary. If retail investors really acquire a large amount of BTC in this round of BTC adjustment, then the bottom of this round of BTC will continue to drop.
In fact, theoretically speaking, the BTC whale account is buying the bottom of BTC, which should be regarded as good news for BTC. Because of the support of capital giants, BTC can go further, and now retail investors who hold coins can make more money. Although it has been repeatedly emphasized that BTC is a decentralized cryptocurrency system, if BTC really loses the support of capital giants, then BTC may collapse in an instant. Without the support of capital giants, who would be willing to play with you, it is better to play poker and have fun.
Capital giants strongly support BTC, but the risks of BTC have already emerged
However, the unsatisfactory hype tricks of the capital giants did not have the effect of being applied in this adjustment of BTC. Capital giants have stepped up their efforts to support BTC, but BTC is still adjusting around $38,000, which shows that retail investors are obviously more cautious this time. In fact, it is said that the retail investors who hype BTC have become more sensible. It is better to say that the retail investors are full of concerns about the future of BTC, and the risks of BTC have already emerged. BTC's massive adjustment revealed two serious problems. BTC's policy changes and technical risks exist at the same time. BTC needs to overcome these two problems before it can enter the ascending channel again.
Since May, there have been many unfavorable news about BTC on the policy side. The most serious is that China, Turkey and other countries have tightened their policies on BTC. This round of BTC's decline has a lot to do with this matter. Now some BTC mining farms in Xinjiang and Sichuan, China, have begun to gradually curtail power in order to comply with China's restrictions on BTC. Of course, for BTC supporters, these are nothing. Because even if China completely bans the development of BTC, BTC mining machines can also be moved abroad, let alone stop BTC transactions overseas.
But have you ever thought about a problem. If BTC loses the Chinese market, it will lose a large number of retail investors. The fundamental reason why capital giants strongly support BTC is that they are optimistic about the future of BTC and believe that more people will recognize BTC in the future. BTC's consensus system is that more and more people and companies use BTC, but this beautiful idea is difficult to realize. In addition to China, Turkey and some countries that have clearly expressed their opposition to BTC, other countries are also studying how to increase the supervision of BTC, which is not good for BTC.
The capital giant is buying the bottom of BTC, is it to give you money?
As some countries continue to tighten policies on BTC, the pressure on BTC policies will increase. This problem is actually difficult to solve. Although BTC has been able to develop to the present level and has its own uniqueness, it can only be blamed for its untimely birth. BTC itself was designed without many problems, but it has not developed according to a predetermined trajectory, and a large number of BTC and mining resources are in the hands of a few people. If BTC develops in accordance with this trend, it will cause serious unequal distribution of wealth, making BTC a tool for a few people to harvest wealth.
To be honest, it is impossible to see how profitable BTC is hyped. However, no matter how much BTC makes money, it has not left a hype. It is whoever makes money to hype BTC. For example, this time the capital giant is buying the bottom of BTC, is it to give you money? They are so rich, not because they are doing charity, but because they are more profitable than us.
Investment is risky, you need to be cautious when entering the market!
