#聪明钱与加密富豪交易行为 Recently, I saw a very interesting contrast phenomenon and wanted to ask everyone how they understand it 🤔
BitMine has been aggressively buying $199 million worth of ETH during the market downturn, continuously replenishing their holdings over the past few days, and now their ETH holdings are close to 3% of the total supply of Ethereum. Meanwhile, "smart money" traders are heavily shorting ETH, betting that the price will continue to fall... this is quite absurd.
I am a complete novice and I'm a bit confused about the concept of "smart money". It seems to refer to those experienced traders with a keen eye, right? But they are currently shorting, while BitMine is buying against the trend. Whose judgment is more reliable?
Moreover, the spot ETF is still experiencing outflows, does this mean that market sentiment is not very good? It feels like the signals are very mixed... Can someone help me clarify my thoughts? Is the "buy the dip" strategy of BitMine a long-term holding approach? Or do they know something we don’t?
I would like to hear everyone's opinions, and I welcome guidance from beginners!💪
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#聪明钱与加密富豪交易行为 Recently, I saw a very interesting contrast phenomenon and wanted to ask everyone how they understand it 🤔
BitMine has been aggressively buying $199 million worth of ETH during the market downturn, continuously replenishing their holdings over the past few days, and now their ETH holdings are close to 3% of the total supply of Ethereum. Meanwhile, "smart money" traders are heavily shorting ETH, betting that the price will continue to fall... this is quite absurd.
I am a complete novice and I'm a bit confused about the concept of "smart money". It seems to refer to those experienced traders with a keen eye, right? But they are currently shorting, while BitMine is buying against the trend. Whose judgment is more reliable?
Moreover, the spot ETF is still experiencing outflows, does this mean that market sentiment is not very good? It feels like the signals are very mixed... Can someone help me clarify my thoughts? Is the "buy the dip" strategy of BitMine a long-term holding approach? Or do they know something we don’t?
I would like to hear everyone's opinions, and I welcome guidance from beginners!💪