#内容挖矿
In the last 24 hours, there were only less than 31,000 #BTC circulating on the chain. This data is almost equivalent to the data in early 2023 when BTC had not exceeded $20,000. This is a "bear market" at the data level. Maybe some friends will say——
"You are talking nonsense. BTC obviously rose over the weekend, so there is no sign of a bear market."
In fact, the rise of BTC over the weekend is precisely due to the drop in liquidity to almost freezing point. Investors who want to change hands at the current price are extremely rare, and there is almost no interference from market makers on the weekend, so a small amount of funds can pull up the market. , a small amount of chips can destroy the market, and this weekend it is obvious that the buying volume is relatively larger.
That was the case with the weekend data, with lower liquidity leading to wider amplitudes, whether you admit it or not, that's what happened. As Monday approaches the opening of U.S. stocks, the reaction in trading volume and liquidity will become more significant. The price at this time will have more reference significance, and the fact that the data shows a bear market does not mean that the price is a bear market.
More investors are unwilling to change hands. On the one hand, it means that fewer investors want to buy. On the other hand, it means that fewer investors want to sell. Both purchasing power and selling pressure are reduced. This is the current situation. situation. What you want to buy is basically bought, unless there are new changes in price or market sentiment, and what you want to sell is almost sold, unless there is a new negative trend. The volatility at this position has indeed been too long, and most investors have become numb.
