Viewpoint: BTC long-term holders are still waiting for a higher exit price and need to be wary of the "bull market trap"

Odaily Planet Daily News: Kirill Kretov, a trading expert at CoinPanel, an automated cryptocurrency trading platform, warned investors to be extra cautious in the current environment: the market remains fragile and easily manipulated. Retail activity is low, trading volume is thin, and even the so-called smart money is on the sidelines. It is no coincidence that the forces that can truly drive the market choose to stay put. Kirill Kretov believes that long-term Bitcoin holders who have experienced previous cycles are still holding on to their positions, waiting for higher exit prices. This "reluctant to sell" behavior creates market selling pressure and exacerbates the fragility of price fluctuations. Although volatility may clean up over-positioned retail investors, he pointed out that only a "thorough clearing" of long-term holders forced to sell can create a "pure stage" for large investors to establish new positions. Before that, any rebound is fraught with danger. They may induce impatient bulls to enter the market, followed by a violent reversal-this is a typical bull market trap in a low liquidity environment. (Bloomberg)