I'm feeling a bit unwell today.

CN
Phyrex
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1 day ago

Today I'm feeling a bit unwell, and I've been dragging my feet to submit my homework until now. Actually, there isn't much to say about the weekend; the market's liquidity is still very poor, and a small amount of funds is still concentrated on #BTC and #ETH. Therefore, we can see that the prices of $BTC and $ETH are quite stable, but aside from these two, the volatility is greater. Many friends are worried about whether an altcoin season will emerge, and from my personal judgment, a general rise should still occur, but the time may be relatively short, as the current liquidity is not very good.

Looking back at the data of #Bitcoin itself, the decrease in turnover rate over the weekend is quite normal. Although a lot has happened during the weekdays of the past week, investors seem to be lacking "momentum," leading to price changes that are always hesitant. However, the biggest expectations have already been met; Trump has fulfilled his promise, and even SAB121 has been repealed, which is a historic positive for the cryptocurrency field.

Many friends may not take this seriously and think I'm exaggerating, but if you're willing to take a look at the English community, you can see countless traditional economists and leading figures in cryptocurrency analyzing the expectations for the cryptocurrency market after the repeal of SAB121. It is already anticipated that some banks will enter the market, and the next step for custody will be based on collateralized lending within the banking system. This is the core of the epic positive news, so the progress may be a bit slow, but this kind of positive news is very long-lasting.

Currently, short-term holders are still active in the market, while earlier investors remain indifferent. The support level is still very stable, with the most chips held by investors between $92,000 and $98,000 not leaving the market, and the sentiment remains quite stable.

February marks the beginning of earnings season, and I hope that the efforts of the past can be reflected during this earnings season.

Data has been updated, address: https://docs.google.com/spreadsheets/d/1E9awSVwrVOxKOiaMdYT5YZvfveeFd9ENU-iO6dVcGj0/edit?usp=sharing

This tweet is sponsored by @ApeXProtocolCN | Dex With ApeX

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