JiaMiYing
JiaMiYing|Feb 19, 2025 09:49
US spot Ethereum ETF saw a net inflow of 16.77 million units worth $4.6 million yesterday US spot Bitcoin ETF saw a net outflow of 1348 units worth $129 million yesterday BTC: Bitcoin closed with a "cross line" yesterday, with a longer lower shadow indicating strong funding around 93000, indicating stable market sentiment. The recent drop in BTC price below $94000 is mainly due to fluctuations in user sentiment and serial clearing, rather than institutional selling. On chain data shows that the turnover rate is lower than yesterday, with nearly 70% of loss making players leaving, and there are no obvious signs of institutional operations. At present, BTC is experiencing slight fluctuations within the range of 93000-99000, with strong support at the daily level at 93000 and strong pressure at 99000. Looking at the large range, 91000-105000 is still the main oscillation range. In the short term, the market will maintain a high range of volatility, and some positions can be allocated to reference 91000-105000 for high selling and low buying or grid trading. ETH: At present, it is in a range oscillation trend and is expected to take at least 2 months to recover. You can take out a portion of your position reference 2000-3100 for high selling and low buying or grid trading.
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