BTC UPDATE 📉📈

【BTC Breaks the Truth: $670 Million Huge Hanging Order Wall!】

Last night, the US and European stock markets collectively rose, and financial giants such as JPMorgan Chase and Wells Fargo had a "good start" in their financial reports. At the same time, over $250 million of funds flowed into spot BTC ETFs such as FBTC and ARKB, stimulating BTC to break through the 63000 mark.

According to the tracking of major orders, during the US trading period, BTC's main players accumulated over $670 million in huge sell orders, including:

61300~62300: The main force had already laid out this range before the release of the CPI data on Thursday, with a cumulative average and sales of $359 million

62400~63400: The main force of the contract is bearish, with a cumulative opening and closing of 213 million US dollars

It is worth noting that BTC's breakthrough of 63000 this time exceeded the expectations of multiple main players. The large orders show that the main players are concentrated in the range of 62400~62500 and open short, with an amount of 68.53 million US dollars, indicating that the main players are initially bullish in this range.

At present, BTC is constrained by 63000 and can be supported by the peak of chips.

Data for reference only