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Over the weekend, the US-listed company SharLlink purchased 77,206 Ether, which is the reason for the deep V reversal of Ether.
It has been emphasized before: MicroStrategy is the largest institution in Bitcoin, while SharpLink is the largest institution in terms of demeanor. Currently, the price of Bitcoin is high, and without new funds, it is basically unable to move. The market's focus is on demeanor, where the price is low, making it attractive to many institutions.
Currently breaking through the 3900 mark, the bulls are still strong, but it is no longer suitable to chase long positions. Once the market digests, a correction is bound to follow.
Light positions in the 3935-3940 range, looking down near 3800. #BTC#