Who is selling#BTCand who is taking over? (one)
The market situation this week is quite interesting. Although the liquidity is very low, the brothers found out that the price of the pie has never exceeded 25380. I tried it twice, but the overall trend was negative, so I watched it for half a month. On-chain data and relevant data on trading positions, it was found that:
1. There is a difference in the market value of USDT and USDC. The market value of USDT has increased in the past two weeks, while the market value of USDC has declined.
2. Based on Beijing time, the decline usually starts in the middle of the morning and late at night, and the rise usually starts at noon and afternoon.
3. The main trading hours in the United States, represented by USDC, are constantly selling, so it is Asia and Europe represented by USDT that will take over. The transaction method is mostly pending orders.
Judging from the purchasing power of Europe and Asia, Asia accounts for a larger proportion. Only time will prove who is the leek and who is the king.
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