Analyst: This bull market is driven by long-term spot investors; if their influence starts to wane, the market will quickly turn bearish.
BlockBeats News, on October 20, crypto analyst Willy Woo stated that the liquidity driving the previous bull market peak mainly came from the "paper hands" derivatives market. "Paper hands" are essentially short-term speculative tools—people are willing to enter the market to gamble, but will not stay for the long term.
This cycle is showing a different trend. "Paper hands" liquidity has already started to fade, while long-term spot liquidity remains stable for now. However, this does not signal a bullish "supercycle." Once long-term investors' spot liquidity begins to decline, the market will quickly turn bearish.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Blackstone (BX.US) injects up to $1.5 billion, providing fresh ammunition for Pfizer (PFE.US) in the weight-loss drug race
Pfizer announced on Wednesday that it has reached an agreement with Blackstone to obtain up to $1.5 billions in funding to support the development of its experimental monthly obesity treatment drug.
Bernstein Downgrades Nvidia Rating and Target Price
Google (GOOGL.US) DeepMind launches AlphaGenome 2: Capable of decoding DNA cells with nearly double the mutation identification capacity
Google DeepMind has released its AI model AlphaGenome 2, which is trained on maps of over 100 millions of cells and has nearly double the ability of its predecessor in identifying gene expression variations.
The White House did not intervene in the decision-making of Nvidia's board of directors.
Crypto prices
More
