In the last 24 hours, the large turnover of #BTC on the chain has decreased, probably because of the gambling on today's non-agricultural data. Therefore, the turnover rate of BTC in the last 24 hours is incredibly low, even returning to the lower level of last week, more than double the difference of the previous two days.
Judging from the current data, the overall situation is very stable and there is nothing to be picky about. Although the turnover rate is declining, it has not caused any interference to any support position. The support of $64,000 to $69,000 is still very solid. No matter how the price changes, including the short-term negative impact caused by the release of non-agricultural data, there has been no large-scale selling pressure.
This can actually be seen from the changes in BTC prices. The main force participating in the turnover is still short-term investors, and there is no obvious sign of turnover among earlier investors. Today is Friday. From a historical perspective, Friday is usually the weekday with the lowest amount of funds. As long as there is no big fluctuation in sentiment, the price amplitude may be limited.
Judging from the current situation, sentiment is crucial. If the sentiment on this trading day is fine, then the pressure on the ultra-low liquidity over the weekend will not be too great. But if the sentiment is bad, the volatility is likely to increase over the weekend.
In addition, the exchange is still relatively normal, still refreshing the lowest stock value in the past six years. The conclusion is the same, a large number of investors still have no intention of selling, and are still optimistic about the next trend.
