Today's data is so bad that it can't be worse.
How bad is it? The last time I saw less than 20,000 #BTC changing hands on the chain was in the fourth quarter of 2022, when the price of BTC was less than $20,000. But now the price has risen by more than 3 times, but the liquidity has hardly changed. Moreover, the data on Sunday is almost the most realistic turnover of real position holders after completely abandoning market makers.
This is exactly what we have been saying. Those who have money don't want to buy, and those who have coins don't want to sell. The fluctuations in BTC prices in the past two days are actually showing us that I can see news reports that the price of BTC has fallen below $68,000 almost every few hours, and in a few hours, the price of BTC will break through $68,000 again. This is the most realistic state of current investors.
There is nothing much to say. Monday may be a relatively quiet day in the week. Starting from Tuesday, the game of unemployment rate will be launched. There are employment-related data every day on Tuesday, Wednesday, Thursday and Friday, which point to employment, wages and unemployment rate on Friday step by step.
Then the next week will be the Fed's June interest rate meeting. In fact, I personally think that there will be nothing new in June. No matter what the data is, it is very likely to keep the interest rate unchanged. The key lies in whether there will be problems in the US economy in July and August. If there are no problems, it will smoothly transition to September before the election, which should not be too bad.
The BTC inventory of the exchange did not change significantly on Sunday. It only increased by a few dozen coins. It is not a big problem. The focus is still on the data after the opening of the US stock market on Monday. The labor vacancies on Tuesday will fire the first shot.
