ChainCatcher news, 10x Research published that on-chain data shows Bitcoin is systematically flowing from early investors to high-net-worth individuals, hedge funds, and corporate treasuries. The current rise is not driven by retail investor frenzy, but rather led by Large Investors, with controlled Fluctuation in asset rotation. Historical experience indicates that the real risk is when long-term holders stop selling. Currently, their holding amount is still on the rise, and the cycle is not over. Institutions expect Bitcoin’s next target price to be $122,000.
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10x Research: Bitcoin is still in a rise cycle, with the next target at 122,000 USD
ChainCatcher news, 10x Research published that on-chain data shows Bitcoin is systematically flowing from early investors to high-net-worth individuals, hedge funds, and corporate treasuries. The current rise is not driven by retail investor frenzy, but rather led by Large Investors, with controlled Fluctuation in asset rotation. Historical experience indicates that the real risk is when long-term holders stop selling. Currently, their holding amount is still on the rise, and the cycle is not over. Institutions expect Bitcoin’s next target price to be $122,000.