8.8 million Bitcoins are trapped! Is this the abyss of a bear market or an opportunity for huge profits?

Brothers, the crypto world is so surreal right now!
Bitcoin has fallen nearly in half from its peak, with 8.8 million Bitcoins stuck, and many people are losing sleep over their losses;
but on the other side, countless others are watching the market, waiting to buy the dip and turn things around.

Here's the conclusion first: this is not an ordinary bear market, nor has it bottomed out; it’s a phase of chip reallocation and bottom building.

Why do I say that?
In past major drops, the pattern was always like this:
Cautious retail investors sell off and run away,
Large players and institutions quietly scoop up the assets,
Basically, money and chips are being redistributed.

Now, the ETFs held by institutions have a cost basis higher than the current price, and institutions are also trapped, but they definitely won't give up easily.

However, the current problem is that there are still many sellers, but fewer buyers, like in a karaoke room where regular customers haven't left, but new customers aren't coming in either — the atmosphere is cold.

So, what will the short-term market look like?
Most likely, it will fluctuate back and forth, occasionally rallying to make you think a bull market is here, then dropping again to test your patience.

But in the long run, as long as two conditions are met, the bottom will be stable:
First, the chips held by retail investors gradually transfer to large players and institutions;
Second, new funds enter the market to buy coins.

Finally, to be honest:
Losing money is not scary; the real loss is being unable to hold on and selling at a loss!

Interaction: If Bitcoin drops another 20%, will you add to your position, stay on the sidelines, or just uninstall the app? 👇#Circle将推出cirBTC #Gate广场四月发帖挑战 #创作者冲榜 #今日你看涨还是看跌？ $BTC $ETH $XAUUSD