#内容挖矿＃CHZ

This is why most of the time, high interest rates are accompanied by economic recessions. Only economic recessions can effectively and quickly fight inflation. After the market is hit hard, the Federal Reserve will release water (QE) to reactivate the market. This cycle repeats itself. This process has gone through countless cycles.

I have said some nonsense again, and returned to the data of #BTC . As before, although the price of BTC has fallen below $66,000, it can be seen from the turnover rate on the chain that earlier investors are still not interested in turnover. In fact, since the price of $56,000, it has been said that low prices have made it increasingly difficult for current investors to hand over their chips. You don’t have to believe it, just wait and see.

For more investors, the bull market has not yet started. At least before the end of the first quarter of 2025, these investors are still looking forward to the arrival of the bull market. After all, the halving cycle, the US election, FASB, spot ETFs, etc. have not yet erupted. They have all experienced the wave of $56,000. What is $65,000? Really, this is not something I said casually. The wide range of fluctuations has exceeded three months. In 100 days, those who are impatient have already withdrawn. Those who can hold on until now are those who are waiting.

This is also why the support of $64,000 to $69,000 is still quite strong. I don’t know whether this range can be maintained and how long it can be maintained, but at least at the moment, this price still holds the largest amount of BTC, and these holders have not shown signs of large-scale turnover. The main turnover is still provided by short-term investors.

Early investors have no motivation to change hands, so even if the price of BTC falls below the "support level", it will rebound. This was also the case when it was $26,000. So unless investors at this position begin to panic and leave, I don't think it's that scary.

From the perspective of the BTC holdings of the exchange, after refreshing the lowest stock in nearly six years yesterday, there was a slight increase today, probably exceeding less than 5,000 BTC. It depends on after 4 a.m., but this excess is not much, just consume it. Tomorrow is the weekend, I don't know if it will be more difficult. After all, when liquidity is greatly reduced, it is very likely that the amplitude will increase accordingly.

#BTC #ETH