The biggest transfer of wealth in crypto does not happen during the bull run, it happens in the last few weeks before it, when the market is still boring, when the last bear market is still fresh in everyone's memory, when the people who got hurt last cycle are still too scared to come back, that is when the smart money is quietly accumulating everything retail will eventually buy at three times the price, by the time the excitement starts the most important trades have already been made.
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