$BTC $ETH $SOL #大盘走势 1. Coinbase and Binance lost 76,179 BTC in 44 days

Data shows that 76,179 Bitcoins worth $5.41 billion have been moved out of Coinbase and Binance over the 44 consecutive days. As of Sunday, March 31, 2024, Coinbase and Binance managed a total of approximately 1,570,863 BTC worth $111 billion, Accounting for 7.98% of the total 19,669,399 Bitcoins in circulation, this means that these two platforms are key custodians in the digital currency ecosystem. On February 16, 2024, 1 million Bitcoins on Coinbase were worth approximately $52 billion, with a BTC price of $52,000 per coin. According to the latest data from Arkham Intelligence, Coinbase’s Bitcoin reserves have decreased to 928,743 BTC.

Analysis: This fully demonstrates that the overall buying orders in the BTC secondary market are greater than the selling orders. After the BTC halving on April 15, the BTC flowing into the market from miners will be half less than before. This creates further demand for BTC in the market, and the number of BTC on the exchange will further decrease.

Conclusion: In the long term, Bitcoin still has a bullish trend, but there is also the possibility of a sharp correction with a certain probability. Rebounds after large pullbacks help institutions achieve higher returns. Previously, institutions entered the market at low prices. Now that these chips are at the current position, it is also a good profit-taking point. In this market situation, institutions may take advantage of the correction to increase their positions in anticipation of future gains. At the same time, they will also pay close attention to market dynamics in order to take profit-taking operations at the appropriate time. This strategy helps maximize investment returns and manage risk

Note: At present, if Bitcoin cannot break through the previous high of about $73,000 in the short term, it may form a downward double top trend and start a correction. In the big cycle, if the price cannot stop the downward trend at Fibonacci's 0.789, which is the support level of about $61,000, then it is more likely to continue to move downward, and may even retrace to about $50,000. Right and left, the current MACD and volume energy are very weak.