PANews reported on March 26 that Kirill Kretov, a trading expert at the cryptocurrency trading automation platform CoinPanel, warned investors to be extra cautious in the current environment. At this stage, retail investor activity is low, trading volume is thin, and even the so-called smart money is waiting on the sidelines. It is no coincidence that the forces that are truly capable of driving the market choose to sit on their hands. Kirill Kretov believes that long-term Bitcoin holders who have gone through 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 out retail investors with excessive positions, 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. Any rebound before that is fraught with danger. (Bloomberg)