#比特币价格走势 According to CryptoQuant's data analysis, the logic of this market cycle has been validated once again. When prices rise, retail investors rush in to buy high; when prices fall back, they hurriedly cut losses and sell low—I've seen this repetitive play countless times. Conversely, whales do the opposite—they quietly accumulate at low prices, then slowly offload when retail investors take the bait.

Currently, we are in a phase where prices are declining and whales are buying, which often breeds a sense of panic in the market. Various bearish voices are everywhere; retail investors either cut their losses and escape or continue chasing the rally and get trapped. But if you can calmly analyze this logic, you'll understand why some people are always cutting losses while others are accumulating chips.

The key is to recognize whether you're following the market sentiment or executing your plan. Most people stumble not because they pick the wrong coin, but because they are led by market swings—buying high and selling low becomes a natural outcome. To survive longer in this game, you must first acknowledge the information and execution gap between retail investors and big players, then truly learn to go with the trend.