#内容挖矿＃CHZ

At present, the price of BTC is relatively stable on weekends. Even the negative news such as the possibility of only one interest rate cut in 2024 has not been able to continue to suppress BTC to below $65,000 for a long time. It can be seen that the consensus at this position is still relatively high.

Compared with Saturday, the liquidity on Sunday will be slightly lower. Generally speaking, this is the period of the week when liquidity is at the lowest level. I often say that when liquidity is low on weekends, the amplitude may often be larger. Of course, this situation actually happens less frequently, but because I have suffered losses in this regard, I will be more cautious, especially for those who use high leverage. Once liquidity decreases and the amplitude increases, it is very likely that the price will not change on Monday, but the position will be gone.

Another consequence of reduced liquidity is that the turnover rate of BTC on the chain continues to decline, and today is no exception. You should also know what I am going to say. Yes, early investors still do not participate too much in turnover, and the main investors who are doing turnover are still short-term investors in the past week. Don't tell me you're tired of hearing these words. I'm tired of hearing them too much myself. But the market is like this, and so is the data. Although it's boring at the moment, once there is a change, the data can still give us guidance.

The decrease in turnover rate also means that the support position has not changed. From the data, we can clearly see that $64,000 to $69,000 is still the area where investors with the most positions gather. When there is no substantial change in the chips in this area, it means that the support power of this range is still quite good. I have said this for three months, and it has been proven that it is still correct at least until now.

The turnover rate itself is low, not to mention the purchasing power. It has been mentioned many times that Friday is the day with the lowest purchasing power in a week. On Friday, we saw that the minimum annual stock value of BTC in the exchange increased by less than 5,000 pieces, but from the current point of view, these 5,000 pieces have not been sold to the market. Maybe they want to wait until liquidity is more abundant, and the inventory has accumulated slightly on Saturday. The current inventory value is about 5,500 BTC higher than the lowest value in nearly six years.

#ETH #BTC