QwQiao, co-founder of cryptocurrency venture pool AllianceDAO, said that market sentiment has weakened recently and many large investors have taken a cautious stance.
QwQiao stated that the majority of smart traders and long-term investors he follows have shifted to bearish expectations in different time frames, and that this coincides with the general cautious atmosphere in the market.
QwQiao made the following statement in his statement:
“Most smart traders and long-term investors I follow are bearish right now. This is spread across different time horizons. I’ve been independently concerned about the markets since mid-September. As a long-term optimist, taking a completely bearish position never made sense to me, but under the circumstances, taking some of it off the table seems reasonable.”
The experienced investor said that artificial intelligence (AI)-related stocks have continued their rise, while other asset classes, including cryptocurrencies, have been under pressure for several months.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/claims-about-whales-are-they-preparing-for-this-in-bitcoin/