1) Bitcoin: Exchange Reserve USD - All Exchanges
Bitcoin exchange reserves, in fiat terms, remain at the same levels as April 2022, and are expected to have little impact on price volatility
2) Bitcoin: Stablecoin Supply Ratio
SSR index is at its lowest point this year, likely driven more by the recent sluggish altcoin market and low volatility rather than Bitcoin itself.
3) Bitcoin: Estimated Leverage Ratio - All Exchanges
Over the past few months, as the market has struggled to break out of a large trading range, retail investors have become increasingly aggressive during the technical rebound from price lows
4) Bitcoin: Realized Price - UTXO Age Bands
1d - 1w (57,816)
1w - 1m (59,207)
1m - 3m (61,960)
3m - 6m (66,976)
6m ~ 12m (50,220)
[Comment: Mid- to Short-Term Investment Perspective]
The average purchase price for holders with less than 6 months of holding time is between 57,816 and 66,976 USDT, indicating that they are invested at relatively high price levels. While price volatility driven by crypto market trends is limited, the market is heavily influenced by aggressive high-leverage investments and macroeconomic factors.
Therefore, in Q4, the key will be whether Bitcoin can maintain the 49,000 ~ 53,000 USDT price range and build new momentum.
Written by Wenry
