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Candie J Deloach pfp
Candie J Deloach
@candie-deloach
The data this Saturday is slightly higher than usual, and the reason is known to all: ALT experienced a significant drop, but BTC's decline was limited, and ETH and BNB performed decently. Lack of liquidity is the main reason for the decline. Although BTC has relatively higher liquidity, it still cannot withstand consecutive liquidations. BTC investors are unwilling to give up their holdings due to small declines, and there is no panic selling. Most investors have lost interest in the current BTC price and are more focused on the halving cycle. Exchange data shows that while the six-year low inventory has not been refreshed, the gap is not large, and the selling pressure from Friday has not been fully dissipated.
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