The second bottoming out is still ongoing

From the perspective of the relationship between volume and price, BTC has been fluctuating in a narrow range after the decline on August 27, and the bottom is getting lower and lower, with an obvious downward trend. The fluctuations in the past few days are just a short-term decline relay.

From the perspective of market indicators, the current BTC holdings are still halfway up the mountain, which is still relatively high; Binance USDT lending rate is 5.6%, which is also higher than the 4% at the bottom of the second wave of the correction wave in September last year; the funding rates of various altcoins are basically mostly positive, and the market is not panic enough.

So the decline will continue