Part 4/13:
Data from Crypto Quant reveals a pivotal trend: net positions of new investor supply surpass one million Bitcoin. This surge indicates robust demand from short-term traders and "FOMO" (Fear of Missing Out) buyers who are rushing in ahead of the upcoming Bitcoin halving event. Many of these investors are attempting to "fill their bags," eager to capitalize on anticipated upcoming gains.
Wild Volatility and Heavy Leverage
The recent days have also witnessed intense volatility, with heavy leveraged longs suffering approximately half a billion dollars in losses within 24 hours. Such turbulence exemplifies the high-risk, high-reward nature of crypto trading, especially during periods of market uncertainty.