BTC's Coin-Day Index has fallen. Referring to the trend in the past five years, is a big fluctuation coming again?

It can be seen that the sharp rise and fall of coins often means that big funds are choosing a new direction. Similar situations occurred at the peak of the bull market in 2017, the end of the bear market in 2019, the beginning of the bull market in early 2020, and the end of the bear market in 2021.

Coin days refers to the number of days that BTC is transferred between wallets. Since everything on the chain is transparent, all transactions of all people are recorded on the chain.

Some people have found that the longer an address holds coins and the more coins it holds, the more impact it will have on the market once they start to move. For example, if the US confiscation addresses or Satoshi Nakamoto's addresses transfer a little bit of coins, BTC will instantly plummet by 7% or even more.

Some people have discovered that CoinTimes can be used to measure the abnormal movements of these whales, and CoinTimes has also become a weather vane for new and old funds.

The coin price has fluctuated violently in the past two days. At the same time, positions have soared and BTC is approaching a new high, indicating that the long and short positions have become heated and big fluctuations are coming again.

BTC：

Grayscale transferred multiple BTC to Coinbase, which suppressed BTC. BTC entered a short squeeze market, and the bottom of the hourly line continued to rise, indicating that there was long support. The $70,502 below was the key point of the long neckline formed on April 8. Only by standing firmly at $70,502 can it bottom out and become stronger, starting a new round of short squeeze and pull-up. Next, BTC bottomed out and rebounded at $70,502.

Resistance: 72122, 72905, 73756

Support levels: 70502, 69417, 68754

ETH：

Vitalik's popularity has a positive effect on ETH's expectations. ETH broke through the resistance line and entered a short squeeze and pull-up market. The hourly line broke through with large volume and needed to fall back to the bull support. The $3,635 below is the key point of the support line. ETH must stand firmly at $3,635 to bottom out and strengthen, returning to the bullish upward market. Next, ETH rebounded at $3,635.

Resistance: 3742, 3795, 3863

Support levels: 3635, 3548, 3474

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