This morning, there was a bit of interesting data on-chain 👇
50,000 BTC were concentratedly transferred within one hour, totaling about $3 billion. Movements at this level usually suggest that major players are positioning themselves, or that exchange wallets are being reorganized.
Considering that BTC recently rebounded from $57,700 to above $61,000, market sentiment has recovered from extreme panic (15) to around 20—could it be that some smart money is buying the dip?
Also, Bitcoin’s hash rate hit a new all-time high yesterday, and miners are continuing to invest. This is often interpreted as miners having confidence in the outlook.
💬 Question: Do you think this rebound can last, or is it just a short-lived rally from short covering? Share your thoughts in the comments👇#特朗普拜登
50,000 BTC were concentratedly transferred within one hour, totaling about $3 billion. Movements at this level usually suggest that major players are positioning themselves, or that exchange wallets are being reorganized.
Considering that BTC recently rebounded from $57,700 to above $61,000, market sentiment has recovered from extreme panic (15) to around 20—could it be that some smart money is buying the dip?
Also, Bitcoin’s hash rate hit a new all-time high yesterday, and miners are continuing to invest. This is often interpreted as miners having confidence in the outlook.
💬 Question: Do you think this rebound can last, or is it just a short-lived rally from short covering? Share your thoughts in the comments👇#特朗普拜登