04-04-2023, 11:38 AM
Despite our big rally to $28k, Retail is still accumulating Bitcoin at its highest p
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/12aw2db/despite_our_big_rally_to_28k_retail_is_still/"> <img src="https://b.thumbs.redditmedia.com/Hug9Ed6TjgexSQypg9A6JyvVNWSUn4q_9bw9bE_XscY.jpg" alt="Despite our big rally to $28k, Retail is still accumulating Bitcoin at its highest pace since when BTC was at just $16k in November 2022." title="Despite our big rally to $28k, Retail is still accumulating Bitcoin at its highest pace since when BTC was at just $16k in November 2022." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>Usually we would say that it makes sense to buy in at low prices and just during a dip, as you will have greater profits then, instead of accumulating during the midst of a rally as the prices are quite a lot elevated then. This is a simple “buy low sell high“ strategy which many of us here dream to achieve.</p> <p>But it seems like some of us, the Retail, are so convinced for the future gains of Bitcoin that they are even stacking their coins in the middle of a rally where prices are roughly 70% above the bear market lows.</p> <p>​</p> <p><a href="https://preview.redd.it/9qllxb867qra1.jpg?width=1118&format=pjpg&auto=webp&s=42ad90331a31931bad6797d4dfea70d516a62bfd">Supply held by Retail (0.1 - 1 BTC) chart by MitchellHODL</a></p> <p>This chart shows how the FTX collapse and the BTC price being at even below $16k had caused one of the greatest accumulations by Retail, maybe ever. Now with prices being 70% above it, Retail still did not get scared away by too high prices and are buying just as if the prices were still at $16k-$18k.</p> <p>This perfectly shows how confident Retail, us, is right now as they seem to not care whether we buy at $18k or $28k. In a few years the gains will just be so big that there will barely be a difference between those both price-levels.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/partymsl"> /u/partymsl </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12aw2db/despite_our_big_rally_to_28k_retail_is_still/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12aw2db/despite_our_big_rally_to_28k_retail_is_still/">[comments]</a></span> </td></tr></table>
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/12aw2db/despite_our_big_rally_to_28k_retail_is_still/"> <img src="https://b.thumbs.redditmedia.com/Hug9Ed6TjgexSQypg9A6JyvVNWSUn4q_9bw9bE_XscY.jpg" alt="Despite our big rally to $28k, Retail is still accumulating Bitcoin at its highest pace since when BTC was at just $16k in November 2022." title="Despite our big rally to $28k, Retail is still accumulating Bitcoin at its highest pace since when BTC was at just $16k in November 2022." /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>Usually we would say that it makes sense to buy in at low prices and just during a dip, as you will have greater profits then, instead of accumulating during the midst of a rally as the prices are quite a lot elevated then. This is a simple “buy low sell high“ strategy which many of us here dream to achieve.</p> <p>But it seems like some of us, the Retail, are so convinced for the future gains of Bitcoin that they are even stacking their coins in the middle of a rally where prices are roughly 70% above the bear market lows.</p> <p>​</p> <p><a href="https://preview.redd.it/9qllxb867qra1.jpg?width=1118&format=pjpg&auto=webp&s=42ad90331a31931bad6797d4dfea70d516a62bfd">Supply held by Retail (0.1 - 1 BTC) chart by MitchellHODL</a></p> <p>This chart shows how the FTX collapse and the BTC price being at even below $16k had caused one of the greatest accumulations by Retail, maybe ever. Now with prices being 70% above it, Retail still did not get scared away by too high prices and are buying just as if the prices were still at $16k-$18k.</p> <p>This perfectly shows how confident Retail, us, is right now as they seem to not care whether we buy at $18k or $28k. In a few years the gains will just be so big that there will barely be a difference between those both price-levels.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/partymsl"> /u/partymsl </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12aw2db/despite_our_big_rally_to_28k_retail_is_still/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/12aw2db/despite_our_big_rally_to_28k_retail_is_still/">[comments]</a></span> </td></tr></table>