Let's break down this news flash:
① What happened: Analyst: The market absorbed around 220,000 BTC last week, and net outflows from exchanges suggest buyers are in control.
② Why it matters: This is somewhat negative news and could trigger short-term position reductions and cautious waiting. The key question is whether selling pressure will continue.
③ What I'll watch: Whether funding rates become heavily one-sided, and whether other media outlets follow up with reports.
④ What I'll do: I won't buy in just yet. I'll wait for selling pressure to clear and the candlestick chart to stabilize before reassessing.
Back to the market: $BTC is currently at 83405.12, up 0.25% over 24 hours, with an intraday range of 83026.05–84352.
Do you think this is the beginning or the end?
① What happened: Analyst: The market absorbed around 220,000 BTC last week, and net outflows from exchanges suggest buyers are in control.
② Why it matters: This is somewhat negative news and could trigger short-term position reductions and cautious waiting. The key question is whether selling pressure will continue.
③ What I'll watch: Whether funding rates become heavily one-sided, and whether other media outlets follow up with reports.
④ What I'll do: I won't buy in just yet. I'll wait for selling pressure to clear and the candlestick chart to stabilize before reassessing.
Back to the market: $BTC is currently at 83405.12, up 0.25% over 24 hours, with an intraday range of 83026.05–84352.
Do you think this is the beginning or the end?