From the perspective of negative factors, the dynamics of institutions such as the German government, Mentougou, and the US government have put a certain amount of pressure on the market.

From the data analysis, even if any of these institutions dumped the market, the market should have been able to take it.

For example, Grayscale's daily sales volume far exceeds that of the German government, but the market is relatively stable.

The essential reason behind this is actually the lack of market liquidity, which appears too fragile.

The positive factors in the market are relatively limited. At present, only ETH's ETF can be seen, but its specific time has not yet been determined.

This positive factor is obviously not enough to hedge the negative factors in the market.

Due to the serious lack of market liquidity, billions of US dollars of contracts have been liquidated since last week, not including the part of loans that have been liquidated.

So, why did the market start to fluctuate?

First, the biggest negative factor has been released, and even if there is an impact in the future, it will be slowly digested by the market.

Second, BTC's ETF showed an obvious positive buying signal at the 53,000 point line.

The market has entered a volatile stage of long-short tug-of-war

From the contract liquidation map, the liquidation intensity near 60,000 is 600 million US dollars, while the liquidation intensity near 50,000 is only 200 million US dollars.

This reflects a typical mentality of the market: go long when it goes up, and go short when it goes down.

For the subsequent market, I think it will maintain a volatile trend.

As for altcoins, although some bargain hunting targets have been sorted out in the setting area, it is not the time to bargain hunting yet.

The current market is volatile. Whether you are keen on contracts or spot,

you can click on my avatar, follow, and enter the setting area for more information on the homepage.

As I said, if you come to me, I can take you ashore, just lie down,

I will not let my fans miss out in this bull market!

#TON #Mt.Gox将启动偿还计划 #德国政府转移比特币 #BTC☀