Just took a look at the data and got a shock: derivatives trading volume across the market plunged 43.88% in a single day, stablecoin trading volume shrank 37.56%, and spot trading volume followed, dropping nearly 30%.
Total stablecoin supply fell by $15 billion in a month, down 4.8%. Money is really flowing out, not just changing hands.
But strangely, the price hasn’t crashed. $BTC is still clinging to around $76,000, with the 50-week moving average at $75,559 right beneath it. Over the past 24 hours, it’s only wobbled between $74,888 and $76,378. The Fear Index is at 25—extreme fear—yet the price just won’t plunge.
U.S. stock markets are closed on Saturday, so liquidity is thin to begin with. Implied volatility on options is 39.2%, meaning the price could swing $1,560 in a day; 75.8% of retail accounts are long. One wick through $74,900 could trigger a chain reaction of stop-losses below at $73,243 and $72,000.
So here’s the question: on a weekend when nobody’s trading, will dip buyers make the first move, or will bears strike with a wick first?
A $76,000 is the bottom—thin liquidity means up first
B Break below $74,900 and we’re headed straight for $72,000
Which side are you on?
$BTC $ETH $SOL
#比特币 #LowVolumeMarket
Total stablecoin supply fell by $15 billion in a month, down 4.8%. Money is really flowing out, not just changing hands.
But strangely, the price hasn’t crashed. $BTC is still clinging to around $76,000, with the 50-week moving average at $75,559 right beneath it. Over the past 24 hours, it’s only wobbled between $74,888 and $76,378. The Fear Index is at 25—extreme fear—yet the price just won’t plunge.
U.S. stock markets are closed on Saturday, so liquidity is thin to begin with. Implied volatility on options is 39.2%, meaning the price could swing $1,560 in a day; 75.8% of retail accounts are long. One wick through $74,900 could trigger a chain reaction of stop-losses below at $73,243 and $72,000.
So here’s the question: on a weekend when nobody’s trading, will dip buyers make the first move, or will bears strike with a wick first?
A $76,000 is the bottom—thin liquidity means up first
B Break below $74,900 and we’re headed straight for $72,000
Which side are you on?
$BTC $ETH $SOL
#比特币 #LowVolumeMarket
