Last year, governments and institutions bought close to 1 million Bitcoin. Retail sold almost 700,000! This is game theory playing out in real time. Understand this right now. While everyone is arguing about who is right and wrong about "the bottom".... Strategy now holds over 800,000 Bitcoin, more than BlackRock's ETF. Wallets with 1,000+ BTC have been quietly accumulating for months. And wallets under 10 BTC have been SELLING! WHALES COULD NOT CARE ANY LESS ABOUT WHERE THE BOTTOM IS. This is what happens every cycle, but the scale of it this cycle is massive. There's been a purposeful repositioning while sentiment sits at the absolute floor. Below in in this video, I quickly walk through the game theory of what's playing out in crypto right now. Big players keep accumulating, retail keeps bailing at the exact bottom, and volatility itself has been used as a tool to shake out the smaller wallets. Whales have time and capital. Retail can play the same game...but only if the time horizon stretches past the next weekly or monthly candle. Focus!(Dan Gambardello)