First, let’s talk about this:

Analyst: BTC balances fell by 21,000 coins after Binance reopened withdrawals; on-chain reserves still total $139.7 billion

Let’s look at this news first, then compare it with the market to see whether prices have reacted to it.

First, a look at the market:

$BTC 76,846.21 (-2.01%)

$ETH 2255.34 (-1.65%)

BNB 696.49 (-2.17%)

SOL 92.04 (-3.01%)

There’s some pressure, but it’s not a trend reversal yet.

Biggest gainers and losers:

Top gainers: AGT +40.97%, ARIA +36.16%, EVAA +18.85%

Top decliners: IDOL -33.97%, INIT -30.48%, AKE -27.06%

Sentiment and capital flows:

Fear & Greed Index: 26 (Fear), down 11 from yesterday

BTC global account long-short ratio: 2.65, with longs making up 72.6%

A few messages today:

1. Data: A hacker suspected of stealing $106 million from an EU entity bought 27,500 ETH yesterday

People are talking about:

#BitMine增持8573枚ETH总持仓达606万枚 #币安将恢复更多资产提现

My take:

Where the big money goes, the market follows. Follow the money to see the direction.

What do you think of today's market? Share your thoughts in the comments.

I get it wrong a lot too; make your own judgment.