
Phyrex|Mar 22, 2025 18:16
Saturday's homework is indeed very simple, there is nothing worth mentioning. When liquidity has entered a dog like low, most investors are not participating in turnover. From the perspective of trading volume, it is already the lowest point in the past two years. Therefore, whether it is a bear market or a bull market now does not make much sense. Just now, I looked at the traffic, even in the two garbage times of 2023 and 2024, the trading volume is much higher than the last week.
The continuous decline in trading volume indicates that investors' emotions are already very poor. They not only do not want to buy, but also have no interest in selling. However, after just looking at the data of all Bitcoin exchanges' open contracts, it can be seen that there are signs of the open contracts starting to rise, and some investors have already entered a game state.
But overall, most investors are still in a wait-and-see state. The question we have been discussing for the past month is where the market is currently, whether it is rebounding or reversing if it rises, and whether it is a short-term decline or a pessimistic expectation if it falls.
This answer may gradually be revealed from April.
Looking back at the data of Bitcoin itself, the turnover in the past 24 hours has been similar to the bear market in 2023, with only over 20000 BTC turnover per day. Investors' emotions can be imagined, and it is estimated that Sunday will also be similar. It will allow everyone to take a break until next week, and the difficulty will significantly increase from April onwards.
The turnover rate is very small, which naturally puts little pressure on the price. The price range of $93000 to $98000 remains very stable.
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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