Now the market logic is becoming clearer.
Chips above 80,000 USD are likely being taken up by national-level funds. Why? Because they have no choice—dollars are unreliable, gold is expensive and hard to buy, and foreign exchange relies on the crypto market. So this batch of funds is not for making profits by driving up prices, but for asset allocation; the cost doesn't matter, as long as they get their hands on it.
Now the question arises: this part of the chips won't budge, leaving just retail investors and small to medium institutions. Driving up prices? It's a hassle with no reward. It would be better to crash the price, dropping it to 50,000 or 40,000, forcing these people to sell at a loss, then slowly pick up the pieces.
So, don't expect any V-shaped reversals or a direct surge to 100,000. If the daily golden cross fails, it won't hold 60,000, and the next stop is 52,000.
The market is that simple—whoever has the assets gets to call the shots. $BTC
