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Just last week, while the entire world was scolding "the bull market is over, it's all gone to zero," three "whale" giants sneaked in (actually swaggered in) to buy, sweeping up a total of 1.2 billion USD in a single week.
Yes, you read that right, 1.2 billion, in cash.
Doesn't that seem off? What were you doing last week? Were you just following the crowd and complaining? Were you staring at the K-line chart and scared to pee in the middle of the night? Were you quickly selling off bloodied chips?
Don't be shy to admit it. Because the Q1 data is out: retail investors net sold 62,000 BTC. Meanwhile, institutions bought 69,000 BTC against the trend.
Who took whose chips?
Yes, you read that right—$1.2 billion, in USD cash.
Doesn’t it feel like the script is off? What were you doing last week? Were you hopping on the bandwagon in the group and cursing? Were you staring at the K-line chart, scared of that little needle so badly you fled in the middle of the night, peeing yourself away? Were you quick with the knife, handing off bloodied chips you were holding?
Don’t be embarrassed to admit it. Because the Q1 data is out: retail traders net sold 62,000 BTC. And institutions, going against the trend, bought 69,000.
Who took whose chips?