Early market analysis on the 18th
I woke up in the morning and saw that the pie was still holding up. $SOL continued to be as strong as an 18-year-old. I was happily eating breakfast when I saw a red pillar of the pie falling down. I was wondering who was continuing to ship goods to ruin everyone's happiness. And it’s also typical Asian working hours.
Glancing at the data, I can see that this wave of market crashes dominated by spot outflows that started on the 15th has lasted for three days, which happens to be the weekend when institutions are not working. In fact, physical inflows have been positive since last night, which is also the driving force for the currency price to rebound from 64,500 yesterday.
As can be seen from the picture, except for the past three days, BTC spot prices have been continuously flowing in, which has also brought about constant price fluctuations of $BTC . Whether there will really be a bigger dip today is what needs to be observed most. After all, how investors in the United States react to the dip of 74,000, which starts approaching 10,000 points, determines whether it is a victory counterattack or the FOMO sentiment since the adoption of the ETF. An end. At least when the market closed on the 15th, all ETFs were still increasing their BTC (except for Grayscale, which has been selling), and no abnormalities were seen.
My personal inclination is that the most dangerous period for the market crash has passed, because both CME and @deribitexchange’s#BTCfutures and options positions are still at record highs, and the BTC futures premium at the end of the year is still 17%. The overall fundamentals are not that great. Big changes, this correction is just an opportunity to adjust positions and invest in good stocks.
If you don’t know when is the best time to buy at the bottom, it is recommended that you use fixed investment or grid tools. Binance has them all ready-made, which is very convenient.
Finally, today is the day when Binance pays wages. I wish everyone who plays new $Etherfi will make a lot of money. Cheers
