$GIGGLE $ACE $BTC Recently, market funds have clearly been running toward stocks, AI, and commodities. Bitcoin, on the other hand, seems a bit neglected.
From on-chain data and the order book structure, since June the buy-side support below BTC has been steadily weakening. The originally relatively thick bid walls are slowly thinning out.
This means that once market sentiment turns weaker, or if there’s a sudden negative catalyst, the downside volatility—or the “elasticity” of price moving lower—may be greater.
In plain terms, it’s not that Bitcoin has no value; rather, in the current stage incremental capital isn’t prioritizing it, and bottom support isn’t as solid as before.
Next, what we want to see is whether BTC can regain strength. The key is whether funds return, and whether the downside buy support can thicken again.#以色列空袭黎巴嫩击毙真主党指挥官 #全球股票基金净流入186.2亿美元 #Cardano将Dijkstra升级分两阶段 🔥⭐️🐶👇👇👇
From on-chain data and the order book structure, since June the buy-side support below BTC has been steadily weakening. The originally relatively thick bid walls are slowly thinning out.
This means that once market sentiment turns weaker, or if there’s a sudden negative catalyst, the downside volatility—or the “elasticity” of price moving lower—may be greater.
In plain terms, it’s not that Bitcoin has no value; rather, in the current stage incremental capital isn’t prioritizing it, and bottom support isn’t as solid as before.
Next, what we want to see is whether BTC can regain strength. The key is whether funds return, and whether the downside buy support can thicken again.#以色列空袭黎巴嫩击毙真主党指挥官 #全球股票基金净流入186.2亿美元 #Cardano将Dijkstra升级分两阶段 🔥⭐️🐶👇👇👇