Bitcoin’s price expectation depends on how much money you have
bitcoinschannel.com
Going by the depth of one’s pocket and not the capitalized words in one’s tweet, a clear demarcation emerges – retail investors are going long on Bitcoin, while “smart money” is shorting it. Retail spot traders rushed into the Bitcoin markets following the March 12 drop, as addresses holding less than $1 of Bitcoin began to grow.
The price crash was a consequence of fear in the general market, the need for cash, automatic trading bots, and highly leveraged trades, all of which are facets of institutional “smart money” traders. Once the institutional investors were scared away, more retail traders began to “buy the dip,” and enter the market.
Read in Full: bitcoinschannel.com
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