Metaplanet, a Japanese listed company, continues to frantically sweep bitcoin and has just invested another $210 million to increase its position. The current surge in the price of Bitcoin is essentially an institution-led lure game - creating the illusion of continuous increase in holdings to create bull market expectations and attract retail investors to follow suit. It is necessary to be wary that its holding cost is only 94,700 US dollars per piece, and the current price has exceeded 100,000 US dollars. This kind of "pull-induce-ship" routine is not uncommon in the currency circle, and retail investors are likely to become victims of the institution's sickle once they chase high and enter the market.
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Metaplanet, a Japanese listed company, continues to frantically sweep bitcoin and has just invested another $210 million to increase its position. The current surge in the price of Bitcoin is essentially an institution-led lure game - creating the illusion of continuous increase in holdings to create bull market expectations and attract retail investors to follow suit. It is necessary to be wary that its holding cost is only 94,700 US dollars per piece, and the current price has exceeded 100,000 US dollars. This kind of "pull-induce-ship" routine is not uncommon in the currency circle, and retail investors are likely to become victims of the institution's sickle once they chase high and enter the market.