#内容挖矿＃CHZ
It has still risen by about 15% in the last 24 hours. Of course, the main exchanges are short-term investors. Especially among the investors who have been buying bottoms in the past two days, a large part of them choose to leave the market during the rise. This is the result of the current price increase. The reason for the greater resistance. The opposite is true in the BTC spot ETF market. Not only was there only a small amount of selling, but the price of around $57,000 satisfied many ETF investors.
And from a data perspective, although there has been a downward trend in the past week, spot ETFs have maintained positive inflows, which also shows that there is a significant difference in mentality between ETF investors and current trading market investors. However, what makes me slightly concerned is that BTC with a cost of $26,000 has once again been reduced by more than 12,000 pieces. This happens almost once or twice a week, and they are all around this price.
In addition, earlier investors showed no obvious signs of leaving the market. In addition, investors between US$64,000 and US$69,000 further reduced their holdings, and the turnover rate was only about 8% of the day's total. At present, the washout of investors in chip-intensive areas is almost complete. Provided the situation does not worsen further, there is still hope for price stability.
The current focus is still on tomorrow night's CPI, which will intensify the market's speculation on the Fed's interest rate cut expectations.
