High net worth individuals and small investors continue to buy Bitcoin

Recently, I have been unclear about the reasons for the rise. Some friends留言 said this is a bull market, and in a bull market, prices rise without reason, just as in a bear market, prices fall without reason. I can understand this response, but it is difficult for me to accurately judge whether this is indeed a bull market for Bitcoin.

However, I am willing to set a buy order around 75,000 USD, and from the data, it is clear that when both the Federal Reserve and Japan are raising interest rates, we see that high net worth investors and small investors are increasing their holdings of Bitcoin on-chain.

I won't elaborate on high net worth investors, as they are almost always examples of consistent accumulation. The data from the past year shows nearly constant accumulation, while small investors are more sensitive to price and have recently shown a trend of buying. So, while I am somewhat conservative about the term "bull market," investor sentiment from 60,000 USD to now is still quite high.

My main concern is still the Iran issue. If oil prices remain high, the pressure on the U.S. economy may continue to rise.

@Gate Crypto, US stocks, Hong Kong stocks, Korean stocks, gold, CFD, one-stop trading for prediction markets

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