Bitcoin recently fell below the psychological barrier of 70,000, attracting the attention of investors. Let's take a look at the relevant data:

On October 29, short-term holders (STH) sold 232,000 bitcoins, while long-term holders (LTH) sold 15,000; by October 30, STH's sales increased to 251,000, and LTH sales rose to 18,000; on October 31, STH sold 207,000, and LTH sold 11,000. #eth3221

By analyzing this data, we can draw the following points:

From October 28 to 30, the main selling pressure in the Bitcoin market came from "short-term profit" chips, while on October 31, the main selling pressure shifted to short-term "locked chips", indicating a change in the forces behind the price decline.

The data from the 29th and 30th indicate that holders were accelerating the distribution of bitcoins, but the selling pressure weakened on the 31st, which may suggest a change in market trends.

In the coming days, we need to continuously observe this data to see if there will be another acceleration in distribution, which will help us assess the short-term market trends.

Currently, the average cost of short-term holders is around 64,000 dollars. As long as the Bitcoin price does not fall below this level, the overall market trend can be considered unchanged. This level can serve as an important reference for judging market trends.

In summary, although BTC has fallen below the psychological barrier of 70,000, through in-depth analysis of the data, we can view the market more rationally rather than panic blindly. #美国大选后行情预测 #市场关注美国非农数据