Has a certain giant whale increased its position, is there a shocking conspiracy? Should beginners follow the trend!
Recently, in the cryptocurrency market, the "1011 insider giant whale" has attracted much attention. After the market crash on October 11, it significantly increased its Bitcoin positions, with a long position of 1000 coins, valued at approximately $91.7 million, and also holds a considerable amount of Ethereum and Solana long positions.
Market speculation about the reason for the giant whale's increased position suggests it may be optimistic about the future market or wants to position itself in mainstream crypto assets to earn more money.
Market sentiment: The giant whale has ample funds and significant influence, and its increased position is viewed as a positive signal by some investors, while onlookers may follow the trend, leading to heightened enthusiasm and increased activity.
Price trends: If the market reacts positively in the short term, the influx of funds will drive the prices of Bitcoin and others up, and the giant whale's increased position may become a catalyst for a rebound after the crash. However, the increased position may not sustain price growth, as it could merely be a strategic adjustment that doesn't necessarily change the overall trend.
Market structure: A giant whale significantly increasing long positions will alter the market's position structure, enhancing the bullish force in the mainstream cryptocurrency market, which may affect supply and demand balance.
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