#内容挖矿

When the price of BTC stops rising, the turnover will increase. In terms of on-chain behavior, the turnover of losing investors is about 12% higher than that of profitable investors, which means that the current biggest sell-off is mainly from investors who have already lost money, especially those whose cost price was around $70,000 two or three weeks ago, and they have already left the market.

The turnover of profitable investors is mainly from investors who have bought the bottom in the past two days, and does not involve profitable investors before. To put it simply, the current price changes are more due to user emotions rather than the so-called "dog dealer" smashing the market.

From the data of chip distribution, there is still no change. Although the BTC of $61,000 has increased, it is mainly from short-term investors. Once the price changes, this position may not be maintained. In the current high-concentration distribution area, $64,000 to $69,000 is still the main support position. It has been mentioned many times before that as long as this support is not broken, the decline of BTC will be relatively limited, and the rebound will be faster.

The focus of this week is on the core PCE on Friday night. If this data performs well, it will boost investor sentiment. At 22:00 in the evening, there is also the one-year inflation forecast of the University of Michigan. If it is also lower than the previous value, the market will be more stable.

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