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.#BTC 94,000 why did it fail to break through after 2 attempts?
Santiment data indicates the source of pressure🆑
① From 11.17 to 11.25, retail investors received a blow
② From 11.26 to 12.26, retail investors continued to buy the dip
As BTC returned to 88,000, retail investors started taking profits (red line in the chart), with the profit-taking speed peaking on January 3rd. In comparison, whales have accumulated 56,227 BTC (green line). For Bitcoin to continue rising, retail investors need to be cleared out further.