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Just last week, while the whole world’s retail investors were shouting "The bull market is over, it’s all gone to zero," three "whale" sharks sneaked (actually swaggered) into the market, sweeping up a total of 1.2 billion USD in a single week.
Yes, you read that right, 1.2 billion dollars in cash.
Doesn’t that seem off? What were you doing last week? Were you just following the crowd and complaining? Were you terrified by that needle on the K-line chart and so scared you peed your pants? Were you quickly selling off your 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 back 69,000 BTC against the trend.
Who took whose chips?