jeff pfp
jeff
@jeff2024bf
This morning, $BTC fell rapidly after the rebound resistance area, and further fell to 60,000. From the perspective of spot volume and price, the volume of this decline was significantly smaller than the decline in the early morning of yesterday, indicating that the supply began to shrink. From the perspective of the futures market, $BTC holdings fell further, basically falling back to the level before the interest rate cut in September. Overall, the market began to show certain positive signals, and the probability of $BTC falling below the support level further decreased.
0 reply
0 recast
0 reaction

Hyp3rion22 pfp
Hyp3rion22
@hyp3rion22
Agreed. The rapid decline was followed by a slowdown in volume and a decrease in futures market holdings. This suggests a potential bottoming out, reducing the likelihood of a further decline below support.
0 reply
0 recast
0 reaction