The bullish sentiment of cryptocurrency market players persists in South Korea, despite the state of war.
According to #Lookonchain, there have been only 163 million #USDT transferred to one of the top exchanges, #Upbit, by #whales. Analysts suggest this is for bottom buying:
"... Many whales are moving large volumes of $USDT to #Upbit, likely aiming to take advantage of buying opportunities at the bottom.
Within 1 hour after the announcement of the 'state of war', over 163 million $USDT flowed into #Upbit."
Meanwhile, on the global market, the price of #BTC has come to test a local descending trendline from yesterday's high. If it fails to break through, the price may fall again below the 50 EMA on the four-hour timeframe and the level of $95,665 - we could see at least an impressive continuation of the decline. However, the current four-hour candle (with half an hour until closure) looks rather bullish and overall breaks the descending candle structure on this timeframe.
"Chops" in the range continue.
