Carl Moon Predicts Bullish Trend for Bitcoin

According to Twitter user Carl Moon, the real purchasing demand for Bitcoin has not yet fully manifested. Over the past year, large holders on Bitfinex have built up significant long positions in Bitcoin, similar to the situation during the bear market of 2022. In 2023, these large holders began to close their long positions, resulting in a nearly 220% increase in Bitcoin's price. Currently, large holders have not actively closed their long positions, and it is expected that once the current pullback ends, Bitcoin will enter a multi-year bullish trend.

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