#比特币市场分析 Looking back at history, the fluctuations in the Bitcoin market have always been thought-provoking. This analysis by the CEO of CryptoQuant reminds me of various past events. Short-term holders have become the main sellers, a phenomenon not uncommon in the Crypto Assets market. I remember during the peak of the bull run at the end of 2017, it was also short-term speculators who drove the prices to big pumps and big dumps.

It now seems that the restraint of long-term holders and miners is quite reassuring. This may indicate that the market is gradually maturing and investors are becoming more rational. However, we cannot ignore the chain reaction that such dumping pressure may bring.

Historically, concentrated dumping by short-term holders often signals a shift in market sentiment. This could mark the beginning of a correction or a "shakeout" before a new rally. The key is to observe the subsequent capital flow and the response of long-term holders.

Regardless, for those of us who have experienced multiple bull and bear markets, it is crucial to remain calm and have a long-term perspective. The market is always cyclical, and true value often emerges in the troughs. Perhaps now is a good time to reassess project fundamentals and adjust investment strategies.