Bitcoin breaks the trend line and may enter the falling channel again
1. $BTC fell for a whole day yesterday, and the lowest point hit below 61,000. From the graph, it has fallen below the trend and will enter the falling channel again. From the 1-hour and 4-hour K-line indicators, there are signs of stopping the decline and stabilizing. The 12-hour indicator shows that it is still falling. From the daily and weekly indicators, the decline has just begun. So short-term volatility is expected, and long-term bearish.
2. As of 4 a.m. when the U.S. stock market closed, the total inflow of Bitcoin ETF funds was: -8.93 million US dollars.
Among them, the largest net outflow was IBIT under BlackRock: -15.37 million US dollars
The largest net inflow was GBTC under Grayscale: 6.79 million US dollars
3. The Dencun upgrade caused $ETH to inflate again. Due to the reduction of transaction fees on the Ethereum network caused by the Dencun upgrade, the destruction of Ethereum has dropped to one of the lowest levels since Merge. Ethereum supply is growing at its fastest rate since the Ethereum network merge.
