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- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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Trader Peter Brandt: Large funds are withdrawing from the BTC market, unrelated to bull or bear
Golden Finance reported that well-known trader Peter Brandt stated on social media, "There is no doubt that some large funds are withdrawing from the BTC market at the current price level. This is neither a bullish nor bearish comment. It is just a fact. After all, whales have gained 100 times the return from BTC in the past 10 years, so it is time to withdraw some funds from the market." Previously, Peter Schiff pointed out that although the price of BTC has risen from $69,000 in 2021 to $98,000 now, its market capitalization has instead decreased from 10.72% to 9.95% of gold's market capitalization.