📊 A large amount of Bitcoin was deposited into exchanges over the past week, drawing attention to market trends

According to on-chain data, a significant amount of Bitcoin, totaling over $3.2 billion, was deposited into exchanges in the past week. Such large-scale capital movement often indicates price changes, as investors typically transfer assets to exchanges for trading, especially potential sell actions.

On Christmas Eve and Christmas Day, the rise in Bitcoin's price had made market sentiment optimistic, but the subsequent price crash broke this trend. Currently, Bitcoin's price has significantly decreased compared to its level before the rise, indicating that there may be more uncertainty in the market.

Analyst Ali Martinez pointed out that the amount of Bitcoin reserves on exchanges is a key indicator that reflects the inflow and outflow of funds in the market. This means that when this indicator rises, more Bitcoin is being transferred to exchanges, which usually exerts selling pressure on the market and may negatively affect prices. Conversely, if the indicator decreases, it may mean that the market is entering an accumulation phase, providing buying support for prices.

Recently, the Bitcoin reserves on exchanges have increased significantly, especially on Christmas Eve, where a large amount of Bitcoin deposits seemed to indicate that some large investors might be preparing to sell, potentially leading to a sharp decline in Bitcoin prices.

Currently, market participants are closely monitoring the changes in exchange reserves, hoping to gauge whether investors feel that the current price is low enough to warrant re-entry for buying.

In summary, while Bitcoin as an emerging asset is gaining global attention, its price is still strongly influenced by market dynamics and the behavior of large investors. This phenomenon serves as a reminder for market participants to remain vigilant regarding the future price trends of Bitcoin and to pay attention to changes affecting market supply and demand.

💬 What are your thoughts on the significant deposits of Bitcoin into exchanges over the past week? How do you think this will impact the market's future trends?

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$BTC
From the perspective of the long-term valuation tool rainbow chart,
As of now, the price has continued to remain within the rainbow of the growth channel, and the current value is in a relatively undervalued stage (considering the buying stage).
The rainbow chart uses the logarithmic growth curve to predict potential future price directions.
It covers the rainbow color band on the top of the logarithmic growth curve channel,
trying to highlight the market sentiment of each rainbow color stage as the price passes through it.
Therefore highlighting potential buying and selling opportunities.
From the valuation comparison chart, you can refer to the current price
The bull market has not really started.

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$BTC 7.27 Bitcoin Market Analysis
The Bitcoin cycle is currently in the middle of the third round of rise, and the general bullish direction remains unchanged.
At a small level, it has entered the fifth wave of rise. After the fifth wave of rise ends, there will be a large three-wave correction. The current operation strategy is to go short at the end of the fifth wave and go long after the correction.

#开单建议
Enter a 10% short position near 68000, and add a 10% short position near 69000.

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$BTC 6.9 Bitcoin market analysis: Bitcoin is currently around $69,000, with two possibilities at the small mid-line level: the white route and the yellow route. The white route has a shallow retracement, while the yellow route has a deeper retracement, forming a double bottom. In either case, Bitcoin will continue to rise after the pullback.

The pullback will continue until after June 12. During this period, it is recommended to short and not to go long.

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Standard Chartered Bank: Bitcoin may hit a new high by the end of the year, and the US election results have limited impact
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#美国大选 #比特币价格走势 $BTC