The price of Bingtang Orange fluctuated greatly this week, reaching a maximum of 28,430 US dollars and a minimum of nearly 25,990 US dollars, with a fluctuation range of about 9.39%. The spot selling pressure on the chain reached its lowest point in eight years, and the market pressure was the easiest in eight years. So easy that it only takes a little bit of purchasing power to squeeze the market upward. The probability of not falling below 24,000~26,000 in the short term is 79%; the probability of not falling below 32,000~34,000 in the short term is 65%.
The mid-term exploration on the chain shows that short-term participants have entered the wandering (non-churning) stage, and the pressure on short-term liquidity may be temporarily relieved. The current pace is slowing down, and the proportion of longer-term participants has increased relative to the short-term. The market is still in a weak accumulation state. On-chain activity is slowly rising. Purchasing power is relatively weakened. The market is set to be slow. On-chain activity has increased in the medium term, but the pace is slow and purchasing power needs to be restored. At the same time, if there is no more rapid selling pressure, there may be a trend in the next 1-2 months.
Short-term observations on the chain show that the risk coefficient is in the danger zone and the risk is increasing. The number of newly added active addresses is relatively medium, and the activity on the chain is average. Market Sentiment State Rating: Neutral. The overall net position of the trading platform shows an outflow and accumulation state, and the selling pressure is low. Global purchasing power has rebounded slightly, and the purchasing power of stablecoins has rebounded slightly. Off-chain transaction data shows that there is a willingness to buy at the price of 26,000; there is a willingness to sell at the price of 30,000.
Strategy suggestion: Wait for further price increases before dynamic hedging with spot prices. Risk warning: The above are market discussions and explorations, and do not have directional opinions on investment; please be careful to view and prevent market black swan risks. What do you think of this week’s market trends? Feel free to speak freely in the comment area and let’s discuss it together! 😄
The mid-term exploration on the chain shows that short-term participants have entered the wandering (non-churning) stage, and the pressure on short-term liquidity may be temporarily relieved. The current pace is slowing down, and the proportion of longer-term participants has increased relative to the short-term. The market is still in a weak accumulation state. On-chain activity is slowly rising. Purchasing power is relatively weakened. The market is set to be slow. On-chain activity has increased in the medium term, but the pace is slow and purchasing power needs to be restored. At the same time, if there is no more rapid selling pressure, there may be a trend in the next 1-2 months.
Short-term observations on the chain show that the risk coefficient is in the danger zone and the risk is increasing. The number of newly added active addresses is relatively medium, and the activity on the chain is average. Market Sentiment State Rating: Neutral. The overall net position of the trading platform shows an outflow and accumulation state, and the selling pressure is low. Global purchasing power has rebounded slightly, and the purchasing power of stablecoins has rebounded slightly. Off-chain transaction data shows that there is a willingness to buy at the price of 26,000; there is a willingness to sell at the price of 30,000.
Strategy suggestion: Wait for further price increases before dynamic hedging with spot prices. Risk warning: The above are market discussions and explorations, and do not have directional opinions on investment; please be careful to view and prevent market black swan risks. What do you think of this week’s market trends? Feel free to speak freely in the comment area and let’s discuss it together! 😄