#Ethereum The selling pressure and risk faced by ETH in the current market are much higher than those of BTC. (The green line is the risk observation indicator of ETH)
A large amount of BTC has been transferred out of the exchange, and the potential selling pressure has entered a compressed state. The decline may become smaller and smaller, which may be a sign before the market starts. #BTC
When the current market is at a high level, the spot risk increases. It is possible that on the eve of the landing of ETH ETF, some chips have chosen to sell. Selling when the good news lands is a relatively safe strategy. However, the incremental funds coming in through the ETF channel will continue the market growth and get rid of the stock dilemma. #BTC
July interest rate meeting is approaching, market purchasing power begins to rise|WTR 7.22
"Looking ahead to the endless frontier technology; seeing into the future, leading the new era of investment research. This report is provided by the "WTR" Research Institute:
Members’ Twitter IDs: Golden Egg Diary @jindanriji; Elk Will Not Get Lost @crypto_elk_; Forex Brother; Xibei @Asterismone; The first round of WTR on-chain data subscription (OG) is officially launched! Data provided: WTR’s self-developed market short-term, medium-term and long-term on-chain data, as well as some small currency data.
First round pricing: 399U/year. Payment supports on-chain and off-chain transfers. Other notes: We have prepared a strategy package for OG users. The number of places in the strategy package is limited. The current strategy package is only open to the first round of OG users. Subscriptions can directly add OG user groups. For details, please see Twitter or WeChat official account.
The supply of stablecoins will increase to a certain extent, which will give the market sufficient purchasing power. As the amount increases, the upper limit of the market may also increase. #BTC
Blue is the pressure zone, yellow is the pressure relief zone. The current market has not entered the pressure zone, it is possible that the big correction has not arrived under the condition that the demand does not decrease. #BTC
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Although the market's BTC net position has suffered a very large selling pressure, a large amount of USDC has poured into the exchange, which is suspected to be a bottom-fishing fund. A large amount of US funds have poured in, and the future is relatively optimistic. #BTC
There is a large influx of chips in BTC exchanges today, which may become a potential selling pressure. We need to be cautious in the next few days. #BTC
#Bitcoin BTC's short-term holder cost line is still around 64k. If the current rebound can stabilize at this position, there will be a relatively smooth market in the future.
After more than 4 months of correction and downturn, is the market about to recover? |WTR 7.15
"Looking ahead to the endless frontier technology; seeing into the future, leading the new era of investment research. This report is provided by the "WTR" Research Institute: Members' Twitter ID: Golden Egg Diary @jindanriji; Elk will not get lost @crypto_elk_; Forex Brother; Xibei @Asterismone;
The first round of WTR on-chain data subscription (OG) is officially launched! Data provided: WTR self-developed market short-term, medium-term and long-term on-chain data, as well as some small currency data. First round pricing: 399U/year. Payment supports on-chain and off-chain transfers. Other notes: We have prepared a strategy package for OG users. The number of places in the strategy package is limited. The current strategy package is only considered to be open to the first round of OG users.
This is a model of market liquidity. Before the market liquidity was re-injected, the market began to turn to a better situation. Before that, the liquidity decreased and the market began to become fragile. At present, the market liquidity is still sufficient. Market support is slowly recovering! #BTC
At present, there is still a large amount of accumulated chips flowing into the net position of BTC exchanges. In connection with the potential selling pressure from the German government and Mentougou, the market may continue to be in a volatile market recently. #德国政府转移比特币
Review of WTR database performance from June to July. Overall, there are public reminders and data warnings for the tops and bottoms of the short-term market. Welcome to follow and subscribe! #BTC
#Bitcoin❗ The current market short-term holder cost line is still around 64K. Looking back at the summer market in 2023, it is somewhat similar to the current market. After falling below the short-term holder cost line, the market rebounded again after nearly 2 months of fluctuations. The short-term holder cost line still plays an important reference role in the current market.
When will the whales stop selling? When will the market start to recover? | WTR 7.08
"Looking ahead to the endless frontier technology; seeing into the future, leading the new era of investment research. This report is provided by the "WTR" Research Institute:
Members’ Twitter IDs: Golden Egg Diary @jindanriji; Elk Will Not Get Lost @crypto_elk_; Forex Brother; Xibei @Asterismone; The first round of WTR on-chain data subscription (OG) is officially open! Data provided: WTR self-developed market short-term, medium-term and long-term on-chain data, as well as some small currency data. First round pricing: 399U/year. Payment supports on-chain and off-chain transfers. Other notes: We have prepared strategy packages for OG users. The number of places in the strategy package is limited. The current strategy package is only considered to be open to the first round of OG users. Subscriptions can directly add OG user groups, please see Twitter or WeChat official account for details.
The market was depressed because the ETF approval of ETH was not directly approved, which caused market concerns;
From the on-chain data, the net positions of the entire exchange are in the inflow state, which means that if you put selling pressure on the market, if you are patient enough, you can wait for the market to switch from inflow to outflow, and the market can be relatively stable.
The price of #Bitcoin has fallen below the short-term holder cost line, but the market has not fallen into panic. The short-term holder cost line still plays an important supporting role.
How long will the shadow of the continuous decline last? |WTR 6.24
"Looking ahead to the endless frontier technology; seeing into the future, leading the new era of investment research.
This report is provided by the "WTR" Research Institute: Members’ Twitter IDs: Golden Egg Diary @jindanriji; Elk Will Not Get Lost @crypto_elk_; Forex Brother; Xibei @Asterismone;
The first round of WTR on-chain data subscription (OG) is officially launched! Data provided: WTR self-developed market short-term, medium-term and long-term on-chain data, as well as some small currency data. First round pricing: 399U/year. Payment supports on-chain and off-chain transfers. Other notes: We have prepared a strategy package for OG users. The number of places in the strategy package is limited. The current strategy package is only open to the first round of OG users. Subscriptions can directly add OG user groups. For details, please see Twitter or WeChat official account.