#MAX #GiggleAcademy #比特币流动性 The baton of new and old giants is being passed! The market structure is undergoing a silent but profound change 🔄
The liquidity pattern of Bitcoin is experiencing a silent yet deep transformation. On-chain data shows that a group of 'new giants' is becoming the dominant force in the market, buying BTC at higher costs, with the value of the Bitcoin they hold accounting for nearly 50% of the 'realized market value' across the network, far exceeding the previous historical level of 22%.
What does this mean? 👀
This means that the overall average cost basis of Bitcoin is being raised and 'reset.' Even if the price pulls back, due to a large amount of chips being locked in at higher price levels by new funds, the support below in the market will be more solid than expected.
Data also shows that during the recent market fluctuations, the whale group (holding $100,000 - $10 million) is a net buyer, while retail and small traders are net sellers. This kind of 'big fish eating small fish' chip exchange is often one of the characteristics of the market building a phase bottom.
Liquidity is the lifeblood of the market, and its structural changes are more worthy of attention than short-term price fluctuations. As the market focuses on how Bitcoin's liquidity is being reshaped, we also see another kind of 'liquidity' — the flow of resources and care. #GiggleAcademy allows the flow of educational resources to be globalized and inclusive, while #MAX community acts like active nodes, ensuring that this value can reach every corner in need with low friction and high efficiency. Isn't this also a greater 'liquidity innovation'? @Max Charity
