A major exchange today executed a large order—1320 BTC, with a transaction volume of up to $120 million. Interestingly, despite such a large buy order coming in, Bitcoin didn't react much and instead appeared somewhat indifferent. The logic behind this is quite clear: there are strong buyers, and there are also quite a few sellers, and the forces on both sides have reached a strange equilibrium.
Looking at Bitcoin's performance over the past ten days in January, it seems quite challenging to truly break the four-year bull-bear cycle and trigger a genuine long-term bull market. Market sentiment is still somewhat conflicted—large funds are testing the waters, retail investors are watching cautiously, and a true consensus has yet to form. How long this stalemate can last remains to be seen.
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BTCRetirementFund
· 01-11 07:50
Big orders come in but nothing happens, what does that mean? Right, the chips are still too scattered.
1.2 billion thrown in like nothing, I just want to laugh.
Large funds are testing the waters, retail investors are shrinking back, no wonder there's no consensus.
This order book is a bit awkward, even with lots of money, it can't create any waves.
Where's the promised bull market? Now it's a bit embarrassing.
It looks like waiting for some signal, but no one knows when it will come.
1320 Bitcoins can't even stabilize the scene, this time we really have to watch and see.
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TokenCreatorOP
· 01-11 07:49
$120 million invested in Bitcoin is still timid, this is outrageous, truly a match of equals.
Large funds are dancing, retail investors are watching, no one can predict the next move.
If this balance is broken, it might really take off, but it's hard to see through right now.
Last year's 4-year cycle, can it be broken this year? I bet it can't.
With such weak price manipulation, the bear market isn't dead yet.
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StakoorNeverSleeps
· 01-11 07:48
1.2 billion poured in with no response, this is outrageous, could it be that all the institutions are just testing each other?
Retail investors are really numb right now, can't believe anything
Trying to break the four-year cycle? Bro, I'm already tired of this cycle
Large funds are dragging their feet, how much longer do we have to wait?
How long can this balance be maintained day by day, who knows
Buyers and sellers are stalemated, it's really uncomfortable to watch
1320 Bitcoins with this effect? The market is way too cold
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DeFiCaffeinator
· 01-11 07:48
$120 million invested with no reaction, this is the current state of the crypto world.
Large funds and retail investors are each doing their own thing; no one can convince the other.
The key is when the consensus can finally be formed.
It's really interesting—big orders come in but the price doesn't rise. How long will this stalemate last before it breaks?
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LayerZeroJunkie
· 01-11 07:40
120 million invested with no movement, now that's true deadlock
Retail investors are wide-eyed, while big players are still pondering
The four-year cycle is about to break but hasn't, this feeling is really intense
Buyers and sellers are now just testing each other, neither is ready for a real fight
The bull market consensus is still far away, the onlookers will just keep waiting
This kind of stalemate seems to require more time to resolve
Large orders entering the market ironically make it seem like no one dares to act, quite ironic
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FlashLoanLord
· 01-11 07:36
1320 Bitcoin poured in and still nothing happened, this is awkward
The market is still in a tug-of-war, nobody has confidence
Retail investors watch as whales test the waters, this day is still long
Large orders entering the market might actually be a signal, indicating no one dares to go all in yet
Why does it feel like the bull market is getting farther and farther from us
Both sides are testing the bottom, see who can hold out first
1.2 billion poured in but it feels like nothing, now that's heartbreaking
Still need to wait a bit longer, consensus hasn't been reached
Is this the legendary "balance"? I think it's just mutual checks and balances
The market is too hesitant, stop with this routine
A major exchange today executed a large order—1320 BTC, with a transaction volume of up to $120 million. Interestingly, despite such a large buy order coming in, Bitcoin didn't react much and instead appeared somewhat indifferent. The logic behind this is quite clear: there are strong buyers, and there are also quite a few sellers, and the forces on both sides have reached a strange equilibrium.
Looking at Bitcoin's performance over the past ten days in January, it seems quite challenging to truly break the four-year bull-bear cycle and trigger a genuine long-term bull market. Market sentiment is still somewhat conflicted—large funds are testing the waters, retail investors are watching cautiously, and a true consensus has yet to form. How long this stalemate can last remains to be seen.