(continued part 1)
- #Binance, the selling force is from fear and anxiety, but besides that it is because of a special need here, which is the launchpool.
"So how does it relate to #Binance's trading power?"
- Because to participate, Users need to stake $FdUsd or $BNB, while CVD is a combination of BTC/FDUSD and BTC/USDT. So the ability to sell the Bitcoin/Fdusd pair to stake is completely feasible
- Coincidentally, the time the CVD measured on the exchange decreased coincided with the announcement time of Lauchpools $SAGA and $OMNI. => Users sell Bitcoin/Fdusd to Fdusd to bring in stakes, causing the CVD of Bitcoin on#Binanceto decrease.
- After that, the war incident and accusations related to CZ, former CEO of #Binance, made buying again more hesitant.
- But at least the good news is that there is no more downward pressure, and orders with large buying volumes have reappeared...
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- Second, is the#Coinbaseexchange, for those who have forgotten, this is the unit chosen to oversee the initial ETF for funds. At the same time, after reviewing the ETF, this is also the place where the most funds buy Bitcoin via OTC on this exchange.
- And yet,#Coinbasealso has strong buying force at the same time as the Bitcoin volume of funds returns positive after many days of selling, and Bitcoin reserves on Coinbase are... gradually depleted.
"So is it possible that OTC has gradually dried up so ETF funds have had to buy spot directly on the exchange, causing CVD to grow?"
- The answer is that we do not have enough data to conclude, but if it is true, in the future ETF funds will have to buy on Spot without going through OTC, causing that move to impact the price line!
- Finally, there are the#Bifinexand#Bitstampexchanges, although they are not very popular exchanges with many people, for a few, this is the playground of Insider trading.
- And the increase in purchasing power from the time the price was close to 70k until now, stronger than the bottom, implicitly shows that (they) believe that the current price level is suitable to enter the market.
- And that's the end of the story about the spot aspect of this market!
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- In short, from the perspective of the traditional spot market and crypto, the behavior shows the expectation of returning to buying - collecting - accumulating moves from investment funds as well as experienced whales and traders. ...
- In conclusion, the above are moves that bring positive expectations for the coming time from the Spot market. So if everyone is holding goods at the present time, in the coming future, that will be a fertile opportunity for us.
