【BTC On-Chain Address Holdings Net Change】In the data, focus on the whale address section. Yesterday, there was a net outflow of 235 coins, but over the course of the entire day, it was a rebound-type market. After midnight, right after 0:00, the price started to fall sharply. So yesterday’s data has some directional significance for today’s行情 (market trend). Of course, this direction has already played out: the whale addresses’ net outflow, and the price also did decline.
However, as of now, the whale address segment is still showing net inflow. So I think today’s rebound still deserves expectations. The key resistance level above is around the 78,500 area. If there is an effective breakout, the bulls can temporarily hold more steadily.
Last Friday, the spot ETF saw net outflows, ending 9 consecutive days of net inflows. This is normal—funds can’t keep net inflow going all the time. Nine straight days is already very impressive and fully reflects an increase in market capital. Therefore, we allow the market to experience a spontaneous net outflow as part of an adjustment, which is very normal. In about three days or so, the ETF funds will still need to resume net inflow behavior. If it continues to be net outflow all the time, then that would be a bit of a problem.
However, as of now, the whale address segment is still showing net inflow. So I think today’s rebound still deserves expectations. The key resistance level above is around the 78,500 area. If there is an effective breakout, the bulls can temporarily hold more steadily.
Last Friday, the spot ETF saw net outflows, ending 9 consecutive days of net inflows. This is normal—funds can’t keep net inflow going all the time. Nine straight days is already very impressive and fully reflects an increase in market capital. Therefore, we allow the market to experience a spontaneous net outflow as part of an adjustment, which is very normal. In about three days or so, the ETF funds will still need to resume net inflow behavior. If it continues to be net outflow all the time, then that would be a bit of a problem.
