Reasons for BTC's plunge, war and major market wash. Who is the real culprit? ?
The currency circle is in turmoil again: An in-depth analysis of the real reasons behind the decline of BTC📉, who is the real culprit in the war and the main washout?
Today, many currency friends are talking about the plummeting market 📉📉📉. Many currency friends are saying that this drop is caused by Gouzhuang deliberately washing the market, or the main force in the United States is selling, and some are saying that the United States joint institutions are harvesting retail investors. Although they are different, the main content is that this drop should be a deliberate move. Even the war between Iran🇮🇷 and Israel🇮🇱 is a forced excuse to cover up the truth behind the sickle🔪.
There is no way to directly say whether such a statement is definitely right or wrong, but from a data perspective, it is very likely that this statement means killing one thousand enemies and losing five thousand to oneself. The banker cannot always increase the stock price. During the break, or in other words, shipments are always required, and the higher the price, the deeper the drop. Review the entire washing process, whether it is V-shaped or arc-shaped, the dealer is exchanging chips, selling on the left and taking on the right. As for the matter of washing the market, we must treat it correctly. If it falls and then rises, it is called a wash. If it falls but does not rise, it is called a peak. In my opinion, the current situation is to use both shock accumulation and range accumulation.
Why do I say this? Because judging from the structure of transfers on the BTC chain, this batch of people who conform to the layout of the so-called "bookmakers" or institutions are probably in the range of US$40,000💵 to US$60,000💵, which is exactly before and after the adoption of the ETF. However, this part of BTC does not show signs of large-scale departures, and even investors whose overall holding price is below $60,000 do not show many signs of leaving.
There was indeed a high change of hands at $3,000. Although it has happened in the past, it should have nothing to do with the recent market. After all, the chips at this position have not changed much since the decline. On the contrary, the investors who changed hands the most were those investors who lost more than $64,000💵.
That’s why I said that if the so-called main force buys BTC at a high price and uses it to raise funds, then it will probably be lost. Even if the expectation of war may rise🆙, I haven’t seen it. Too many earlier investors walked away.After all, the data on the chain is the most accurate. If you say that someone has tens of thousands of BTC and puts them in the exchange waiting to crash the market, I dare say that you don’t dare to believe it.
And from the daily data, we can also see that the BTC that is basically temporarily transferred from the outside is the main reason for the price drop📉, and most of these BTC will be withdrawn from the exchange, which is also one of the reasons for the decrease in liquidity.
From the data of the exchange, we saw a gap of nearly 10,000 BTC before the market opened. At 22:10 Beijing time yesterday, another 3,400 BTC were transferred to the exchange, and the total gap was as high as more than 13,000 BTC. However, at 23:10 Beijing time yesterday, more than 10,000 BTC were suddenly consumed, and there were some scattered consumption. The current BTC stock in the exchange has once again refreshed the lowest point in nearly six years.
Will it go up or down next? Again, I am a casual person, and I have not reached the stage of ascension. What I am saying now is all guesswork. The key to the market trend is whether the current narrative has changed. It has been mentioned in the early stage that as long as the war does not worsen, there will not be too extreme situations if the expectations of the Fed do not change too much. In particular, you can look at the US stock market first. If the US stock market is good, then BTC and ETH will not experience a big crash. The conflict and war I am talking about are not limited to Iran and Israel, but more inclined to the further deterioration of the conflict between Russia 🇷🇺 and Ukraine 🇺🇦, and there is also the T million problem!
What does this mean? Welcome to leave a message in the comment area to discuss and communicate with each other!