The rise in BTC may be outstripped by the big A market

The crypto market was affected by the weekend market and did not show its previous strong rise.

The stagnant price has caused some retail investors to hand over their chips. According to Coinglass data, the exchange's BTC holdings have seen a net inflow of 393.67 BTC in the past 24 hours, and a net outflow of 6760.81 BTC in the past 7 days.

Compared with the previous day, there was significant profit-taking behavior by retail investors.

It is worth noting that the selling mainly came from Coinbase, Binance and K network exchanges, which shows that more discerning retail investors in the European and American markets are eager to take profits.

Dali believes that although the sell-off is likely to be led by swing traders or a small number of retail investors, it can also show investors' concerns about the risk of market corrections to a certain extent.

I have mentioned this many times in the group. According to the 7-day liquidation heat map provided by Coinglass from the Binance exchange, short-term liquidation is concentrated at $65,030, followed by $62,532.

On the short side, after breaking through the previous pressure level of $66,260, the liquidation points were mainly concentrated around $66,932.

Da Meili believes that without the correction of the market "cleaning up", it will be difficult for the encryption market to maintain the previous sharp rise. Because, the bulls who are not determined enough may not match the fact that more than 85% of short-term holders are currently profitable. In addition, my country’s upcoming National Day also brings more uncertainty to the encryption market.

As we all know, for the recent "carnival" in the global financial market, in addition to the unexpected 50 basis point interest rate cut by the Federal Reserve, various countries have successively launched economic stimulus policies that have played a crucial role. Among them, China's 1,000 billion yuan stimulus benefit and many strong preferential policies are boosting Covers most global risk assets including Big A.

According to incomplete market statistics, in the past four trading days, the overall market value of Big A has increased by more than 10 trillion yuan, and the average profit per person in the stock market has been 47,000 yuan.

What's even more exciting is that the market generally expects that the big A market will see a comprehensive and larger rise on the last trading day before the National Day. This unprecedented expectation has pushed up investors' expectations for the Big A, US stock and crypto markets to break through all-time highs.

Attentive friends have discovered some contradictions in my views, that is, the expected rise but the risk of a correction is also present