The current ecological activities are very quiet, the on-chain activities are in a bear market, and the market volatility is small. (Zhuye Exchange)
1. Let's say it's a bear market, the price of Bitcoin is still high, and everyone is still imagining the crazy stage of halving;
2. Let's say it's a bull market, various ecological data are at a freezing point again, and the altcoins have even fallen back to the bottom range of the bear market, which is really tangled.
Recent data shows that BTC's on-chain movement is also in a bear market as before. At present, investors' interest in trading at the current price has gradually weakened. Most investors who intend to buy have completed the transaction, and investors who intend to sell, including those who panic or question, have also left the market. Investors in the current market will not easily withdraw their funds even in the face of a big drop, unless there is a black swan event that leads to a major negative.
Therefore, before there is clear good or bad news, the price may fluctuate widely around the current support level. After all, the market liquidity is low, the price has not broken through, and investor sentiment is still low.
