Trader Peter Brandt: Big money is withdrawing from the Bitcoin market, irrelevant to bull or bear trends

Well-known trader Peter Brandt posted on social media, "Without a doubt, some big money is currently being withdrawn from the Bitcoin market at this price level. This is neither a bullish nor bearish comment. It's just a fact. After all, whales have made 100 times returns from Bitcoin in the past 10 years, it's time to withdraw some funds from the market."

Previously, Peter Schiff pointed out that although the price of Bitcoin has risen from $69,000 in 2021 to its current $98,000, its market value as a percentage of gold has actually decreased from 10.72% to 9.95%.