Coinglass data shows that Bitcoin prices continue to fall, with the capital rates of mainstream centralized exchanges (CEX) and decentralized exchanges (DEX) generally bearish.
The capital rate below 0.005% usually indicates a bearish market, and above 0.01% it indicates a bullish market. The current rate trend reflects market participants’ pessimistic expectations for short-term Bitcoin prices, although the strength of both bulls and bears is still in stalemate. Market confidence has not yet fully recovered and is facing certain pressure.
Zhu Su, founder of Sanjiang Capital (3AC), recently pointed out that the current market is in a state of "bullish selling", that is, assets are transferred from weaker investors to stronger investors, and value flows to better tokens.
He said no large-scale "bearish sell-off" was observed this year, and funds are being reconfigured to flow to higher quality tokens and projects.
This view has been recognized by some senior traders. Many people believe that "smart funds" will choose stronger projects and actively accumulate potential assets. When these "strong players" are configured, the market will show more dynamic changes. However, some comments pointed out that the market always tests traders in its unique way, and even if they are experienced, they will inevitably face unexpected risks and challenges.
The above is the detailed content of Three Arrow Capital Zhu Su: Interpretation of Value Turning to Stronger Tokens. For more information, please follow other related articles on the PHP Chinese website!
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