#比特币市场动态 Reflecting on the history of the Bitcoin market, I have witnessed countless ups and downs. The news of long-term holders selling $45 billion reminds me of the big dump at the end of 2017. At that time, many early investors also chose to take profits, triggering a chain reaction.

However, the current market environment is very different from that of the past. The participation of institutional investors is higher, and the regulatory environment is clearer. This $45 billion selling pressure, although it seems astonishing, is actually not that large relative to the overall market size.

The key is to pay attention to where this capital is flowing. If it is only being transferred to the OTC market, the impact may be relatively limited. However, if it flows into other crypto assets or traditional financial markets, it could trigger a broader chain reaction.

For ordinary investors, it is not advisable to blindly follow the trend at this time. The market is always cyclical, and after each large-scale dumping, new opportunities often arise. It is important to remain calm, manage risks well, and patiently wait for signals of market stabilization.

History tells us that the long-term trend of Bitcoin remains positive. However, in the short term, we may still have to experience a period of turbulence. This is precisely the time to test investors' patience and wisdom.